Pending: Minneapolis MLS# 6382838
Pending
$1,985,000
Commercial: Apartments
Built 1929
0.34 acres
Minneapolis schools
MLS# 6382838
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Property Description
This trio of historic apartment buildings totaling 35 Units is located on the western fringe of Minneapolis, in the city’s Willard-Hay neighborhood. Tenants enjoy access to Theodore Wirth Parkway/Park amenities less than a ½ mile away, as well as quick walking access to the newly opened METRO C Line for fast access to downtown Minneapolis. The buildings have been cared for, well maintained, and are fully stabilized. These properties MUST be sold as a package. Currently all 3 properties are professionally managed by a quality local management company. ADDRESSES: 2517 Golden Valley Road, 2601 Golden Valley Road, 1900 Thomas Avenue.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$1,985,000
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
1929
State:
MN
Property Style:
Apartments
Zip Code:
55411
Neighborhood/Area:
Willard - Hay
Subdivision Name:
Fairlawn Add
Exterior
Other Parking Spaces:
19
Foundation Size:
35,493 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.34
Geolocation:
44.998538, -93.312994
Inclusions:
Building
Lot Dimensions:
34406
Addl Parcels:
1702924420004, 1702924140112
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$188,309
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$39,649
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$39,649
Income
Annual Gross Income:
$376,618
Rent
Annual Net Income:
$188,309
Units
Total Units:
35
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of MRG Realty Partners, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.