Listing Courtesy of: Steven Pierce - Bridge Realty, LLC
952-368-0021
$1,900,000
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1802 11th Avenue S Minneapolis, MN 55404
Apartment
Residence
Beds
Baths
8,000
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL ! A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The current leases are month... to month. POSSIBLE ASSUMPTION OF ABOUT $1,000,000 AT 3.5% ! The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels.
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MLS#
6428729
Property Type
Apartment
Year Built
1902
Square Feet
8,000
sq. ft
Stories
2.0
Sewer
City Sewer
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