137 E 17th St - Apartments FOR SALE
Minneapolis, MN 55403 |
$3,255,000 USD
763-438-1623
137 E 17th St
Minneapolis, MN 55403
HIGHLIGHTS
- Extensively renovated units including kitchens and bathrooms provide low maintenance costs moving forward.
- Major systems including electric have been fully updated.
- Tenant paid electric baseboard heat reduces landlord utility charges—leading to an increase in NOI.
- 4D program allows opportunity to restrict units at 60% AMI for 10 years for tax reduction.
- Studio units are larger than market comps.
FOR SALE DETAILS
PRICE
$3,255,000 USD
PRICE/SF
$150 USD /SF
# OF UNITS
35
PRICE/UNIT
$93,000
CAP RATE
Request Cap Rate
% LEASED
94%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
St. George Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1918
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.96 AC
LAND SF
41,818 SF
ZONING
OR3
APN/PARCEL ID
27-029-24-43-0077
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763-438-1623
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763-438-1623
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