2641 Girard Ave S - Apartments FOR SALE


Minneapolis, MN 55408
$1,449,000 USD
239-900-7995
2641 Girard Ave S, Minneapolis, MN for Sale
$1,449,000 USD
Apartments - FOR SALE
1/35
null | 8.19% Cap Rate

2641 Girard Ave S
Minneapolis, MN 55408


HIGHLIGHTS

  • Several units recently renovated
  • Huge 1,300 sf, 3+ Bedroom Units
  • 5 car parking lot in rear
  • Fully Leased ~7.9% Cap Rate
  • ~10,800 sf total building size
  • Beautiful hardwood floors, 3 season porch, & brick

OVERVIEW

Price Reduced - Fully leased with nearly an 8% Cap Rate! Several units were just renovated. Bring all offers to this 7-Unit Multifamily Building For Sale near the Lakes in South Minneapolis! Renovated & huge 3+ bedroom, 1,300+ square foot units. Beautiful hardwood floors, 3 season porches, exposed brick & great natural light throughout. Rear room off the kitchen could be a 4th bedroom, dining room, or office. One legal and large garden level unit. Total building size of about 10,800 square feet. Coin-Op laundry in the basement with one washer and one dryer. Tenants pay all utilities and each unit has new separately metered high efficiency gas boilers for hot water baseboard heat. 5 off-street parking stalls for additional income. Contact Listing Brokers for tours and rent roll/expenses.

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

7

PRICE/UNIT

$207,000

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

UN3

APN/PARCEL ID

33-029-24-42-0168

ASK ABOUT THIS PROPERTY

Mark HulseyResults CommercialMore Info
239-900-7995

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Mark HulseyResults CommercialMore Info
239-900-7995

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