2637 Pleasant Ave S - Apartments FOR SALE


Minneapolis, MN 55408
$2,850,000 USD
651-263-3653
2637 Pleasant Ave S, Minneapolis, MN for Sale
$2,850,000 USD
Apartments - FOR SALE
1/33
null | 5.02% Cap Rate

2637 Pleasant Ave S
Minneapolis, MN 55408


HIGHLIGHTS

  • LARGE STUDIO, 1-BEDROOM, AND 2-BEDROOM UNITS
  • TWO NEWER HIGH EFFICIENCY HOT WATER BOILERS
  • REMODELED UNITS AND COMMON AREAS AND HALLWAYS
  • NEWER VINYL REPLACEMENT WINDOWS

OVERVIEW

ATTRACTIVE 21-UNIT IN THE HIGHLY SOUGHT AFTER WHITTIER PARK NEIGHBORHOOD OF MINNEAPOLIS, MINNESOTA. ALL BRICK AND STUCCO EXTERIOR BUILT IN 1966 WITH GREAT CURB APPEAL. THE UNIT MIX FEATURES TWO WELL APPOINTED 2-BEDROOMS, FIFTEEN LARGE 1-BEDROOMS, AND FOUR STUDIOS. MOST OF THE APARTMENTS HAVE BEEN RENOVATED INCLUDING NEWER KITCHENS, BATHROOMS, LVP FLOORING, LIGHTING FIXTURES, AND UPDATED APPLIANCE PACKAGES. PROPERTY HAS NEWER DOUBLE PANE VINYL REPLACEMENT WINDOWS, TWO ENERGY EFFICIENT HOT WATER BOILERS, AND NEWER COIN OPERATED LAUNDRY MACHINES. CLOSE PROXIMITY TO THE MINNEAPOLIS COLLEGE OF ART & DESIGN (MCAD), MPLS. INSTITUTE OF ARTS MUSEUM, AND DOWNTOWN.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

21

PRICE/UNIT

$135,714

CAP RATE

5.02%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R5

APN/PARCEL ID

34-029-24-31-0047

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

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Nathan OpatzApartment Cash Flow, IncMore Info
651-263-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.