Listing Courtesy of: Nathan Schammel - MRG Realty Partners, LLC
651-900-4386
$664,900
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3200 Bloomington Avenue Minneapolis, MN 55407
Fourplex
Residence
Beds
Baths
7,920
Sq. Ft.
Property Activity
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days
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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 stora...ge 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.
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MLS#
6596769
Property Type
Fourplex
Year Built
1912
Square Feet
7,920
sq. ft
Stories
2.0
Sewer
City Sewer
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