515 5th Street SE
Minneapolis, MN 55414
Price: $1,600,000
Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently
updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well
maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a
quiet and well leased location for your next investment property.
Basic Features:
Style |
Apartment |
Type |
Commercial Sale |
Zoning |
Residential-Multi-Family |
Year Built |
1960 |
School District |
Minneapolis |
County |
Hennepin |
Lot Size |
66x165 |
Acreage |
0.25 acres |
Lot Description |
Public Transit (w/in 6 blks),Tree Coverage - Light |
Number of Units |
11 |
Tax $ / Year |
$27,260 / 2022 |
Tax ID |
|
Legal Description |
|
Includes:
Range,Refrigerator,Building,Leases
Additional Features
Government Programs |
|
Section |
23 |
Terrain Type |
|
Roads |
City Street,Curbs,Paved Streets,Sidewalks |
Basement |
Block,Daylight/Lookout Windows,Egress Window(s),Finished,Full,Partially Finished,Storage/Locker |
Driveway |
|
Exterior Features |
Brick/Stone |
Foundation |
3888.00 |
Fuel Source |
Natural Gas |
Handicap Access |
None |
Heating |
Boiler |
Roof |
Flat,Rubber |
Sewer Service |
City Sewer/Connected |
Water Service |
City Water/Connected,City Water - In Street |
Water Heater |
|
Parking Lot |
Asphalt,Paved |
Exterior Construction |
|
Utilities |
None |
Laundry |
N |
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