409 7th St - Apartments FOR SALE


Minneapolis, MN 55414
$431,900 USD
952-445-5970
409 7th St, Minneapolis, MN for Sale
$431,900 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

409 7th St
Minneapolis, MN 55414


HIGHLIGHTS

  • Great Location in Marcy Holmes Neighborhood
  • Large Lot
  • New Roof 2023
  • Off Street Parking
  • Redevelopment Potential

OVERVIEW

24-Hour notice required for showing. Currently 100% occupied. Agent to verify measurements. 5-unit apartment property located in the Marcy Holmes neighborhood near the University of MN. Total of 8 rental rooms, one 3-Bed, one 2-Bed, one 1-Bed and 2 Studio units. 100% occupied with a strong history as a student rental. Units are in good condition and the roof was replaced in 2023. Large lot provides an opportunity for future redevelopment. Located near the U of MN, this property has been a student rental for many years. Easy access to downtown Minneapolis via Hennepin and Central Avenues and HWY 35w.

FOR SALE DETAILS

PRICE

$431,900 USD

PRICE/SF

$72 USD /SF

# OF UNITS

5

PRICE/UNIT

$86,380

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

409 7th St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R5

APN/PARCEL ID

24-029-24-22-0011

ASK ABOUT THIS PROPERTY

Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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Jerry LindeenMetro Group Real EstateMore Info
952-445-5970

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