3200 Bloomington Avenue
Minneapolis, MN 55407
7920 sqft | #6596769
Description
This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building.
Tenants pay their own Heat / Gas / Electric!
Lots of storage is available in the basement with a separate entrance in the back for convenient access.
Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.
Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.
The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.
Interior Details
- HeatingForced Air
Property Details
- Square Feet7920
Construction Details
- Property TypeMulti-Family
- Basement DescriptionBlock
- Basement1
Condition
- Year Built1912
Material information
- RoofRubber
Utilities / Energy Details
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
Community and Neighborhood Details
- SubdivisionWilliams Add
Location
- School DistrictMinneapolis
- CountyHennepin
Financial Details
- Taxes Annual$10,855
- Days on Market (Cumulative)74
Other
- MLS #6596769
Location
Legal
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Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Nathan Schammel (#NST506017223)
Listing Office: MRG Realty Partners, LLC (#NST26013)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
