For Sale: Minneapolis MLS# 6647005
Active
NEW!
$650,000
Commercial: Apartments
Built 1885
0.16 acres
Minneapolis schools
MLS# 6647005
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Property Description
Turn key six unit building in excellent location. Solid and steady performer with 1 eff, 3 one bed and 2 two bed units. Heat, electric and AC are fully separated: tenants pay all heat and electricity including hot water heat (six separate hot water heaters!). Mini splits with AC are in all units. Newer roof and siding, electric replaced in 2020. Units fully updated and historically easy to rent. All tenants month to month.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1885
State:
MN
Property Style:
Apartments
Zip Code:
55404
Neighborhood/Area:
Phillips West
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
1
Air Conditioning:
Ductless Mini-Split
Foundation Size:
1,570 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Ductless Mini-Split
Parking Features:
None
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.16
Geolocation:
44.956476, -93.268102
Inclusions:
Building
Lot Dimensions:
55 x 125
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,688
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,688
Income
Annual Gross Income:
$47,400
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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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 Keller Williams Integrity Realty.
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.