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Property Description
Prime investment opportunity in Minneapolis' sought-after Seward neighborhood! This well-maintained 4-unit property offers an excellent combination of strong cash flow, quality updates, and long-term upside, featuring 10 bedrooms and approximately $86K+ in annual gross rental income. With a stated NOI of $57,090, the property offers an attractive approximately 7.14% cap rate. Tenants pay gas and electric, helping control operating expenses. Each unit features in-unit laundry, central air, and high-efficiency HVAC. Additional highlights include 6 off-street parking spaces, a strong unit mix, and stabilized rental income. Significant renovations completed in 2019 provide added peace of mind and reduce near-term capital needs. A compelling opportunity for investors seeking a turnkey multifamily asset in a desirable Minneapolis neighborhood.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Crawl Space, Unfinished
Heating: Forced Air
Lot Size: 0.19 Acres
Roof Type: Age 8 Years or Less, Asphalt
Taxes: $11,888
Year Built: 1883
Feature Descriptions
Days on Site: 27
Foundation Size: 1716
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 47x179
Owners Expense: Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 3602924120107
Parking: Gravel
Road Frontage: Curbs, Paved Streets, Sidewalks
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Fuel, Heat
Units: 4
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 651-484-8800
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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Estimated Payment
$ 5,481.37 per month $4,257.40 Principal & Interest $990.67 Property Tax $233.30 Homeowner's InsuranceChange Payment Information
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2316 25th Avenue S | MLS# 7144916
This multi-family property located at 2316 25th Avenue S, Minneapolis, MN 55406 is currently listed for sale with an asking price of $799,900. 25th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.org today.