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Minneapolis,MN 55404
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision J S & W Elliots Add
MLS Listing ID 6428729
Bedrooms 9
Year Built 1902
Annual Tax Amount $19,003
Lot Size 8,841 Sqft
Property Description
THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !
A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. CONTRACT FOR DEED TERMS AVAILABLE!
The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000.
It is very energy efficient; it was insulted with spray foam and has solar panels.
Location
State MN
County Hennepin
Community J S & W Elliots Add
Interior
Heating Forced Air
Cooling Central Air
Exterior
Parking Features Carport,Covered,More Parking Offsite for Fee,Paved Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Building
Lot Description Corner Lot,Public Transit (w/in 6 blks),Tree Coverage - Medium
Water City Water/Connected