509 6th St SE - Apartments FOR SALE


Minneapolis, MN 55414
$724,900 USD
612-562-3773
509 6th St SE, Minneapolis, MN for Sale
$724,900 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

509 6th St SE
Minneapolis, MN 55414


HIGHLIGHTS

  • University of Minnesota Off-Campus Housing Area

OVERVIEW

THIS TRIPLEX IS A RARE FIND WITH POTENTIAL TO INCREASE RENTAL INCOME WITHIN THE MARCY-HOLMES NEIGHBORHOOD - A POPULAR UNIVERSITY OF MINNESOTA OFF-CAMPUS HOUSING AREA! BUILT IN 1916, NEWLY REFINISEHD HARDWOOD FLOORS, INTRIOR PAINT, LOVELY SUNROOMS, LARGE DRIVEWAY FOR OFF-STREET PARKING, NEWER ROOF & GUTTERS - OVERALL IN GOOD CONDITION READY TO LEASE. ALL UNITS RENTED WITH STRONG POSSIBILITIES TO INCREASE RENT ROLL AFTER CURRENT LEASES EXPIRE. EACH UNIT COMES WITH APPLIANCES AND IN-UNIT LAUNDRY MACHINES. WALKABLE TO PARKS, RESTAURANTS AND THE UNIVERSITY OF MN. QUESTIONS CALL DAN O'BRIEN AT 612-562-3773

FOR SALE DETAILS

PRICE

$724,900 USD

PRICE/SF

$100 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,817

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

509 6th Street SE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Multi-Family

APN/PARCEL ID

12-029-24-21-0065

ASK ABOUT THIS PROPERTY

Daniel O'BrienThe Stepping Stone GroupMore Info
612-562-3773

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Daniel O'BrienThe Stepping Stone GroupMore Info
612-562-3773

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