Excellent Investment Opportunity! This RARE opportunity to own a meticulously maintained, turn-key side-by-side 3-unit building, BUILT IN 1995, is ready to generate income from day one Located in a prime location, each unit operates with separate utilities, including gas, electricity, and water meters, ensuring a smooth and hassle-free management experience. The property also features low-maintenance vinyl siding, open vaulted ceilings in the living rooms, and a two-car garage for each unit, combining convenience with style. A truly low-maintenance investment, tenants are responsible for all utilities, including electric, gas, trash, water/sewer, and even take care of snow removal and lawn maintenance. • Unit #2811 (4-bed/2-bath) has been recently updated with luxury vinyl flooring on the main and upper levels and newer carpet in the basement. In 2023, this unit was further upgraded with a new stainless steel refrigerator and stove, as well as a newer washer and dryer—making it perfect for attracting high-quality tenants! • Unit #2815 (3-bed/2-bath) features luxury vinyl flooring throughout and was also upgraded in 2023 with a new stainless steel refrigerator and stove, providing modern amenities that make it highly desirable to prospective renters. • Unit #2819 (4-bed/2-bath) offers recent updates as well, including luxury vinyl flooring on the main level and a new stainless steel stove and dryer installed in 2023, ensuring a contemporary and attractive living space. The property also boasts a large, fully fenced backyard with a privacy fence, creating a secure and private environment that is highly appealing to residents. Thanks to its excellent condition, recent updates, and strong rental history, this triplex is an outstanding investment opportunity that you won’t want to miss!
The median home value in Minneapolis, MN is $236,000. This is lower than the county median home value of $247,600. The national median home value is $219,700. The average price of homes sold in Minneapolis, MN is $236,000. Approximately 74.12% of Minneapolis homes are owned, compared to 23.18% rented, while 2.71% are vacant. Minneapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Minneapolis real estate agent to arrange a tour today!
Minneapolis, Minnesota 55433 has a population of 62,342. Minneapolis 55433 is less family-centric than the surrounding county with 30.08% of the households containing married families with children. The county average for households married with children is 34.44%.
The median household income in Minneapolis, Minnesota 55433 is $68,586. The median household income for the surrounding county is $76,796 compared to the national median of $57,652. The median age of people living in Minneapolis 55433 is 38.2 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 4.1 degrees. The average rainfall is approximately 31.9 inches per year, with 55.9 inches of snow per year.