707 SE 5th ST SE Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55414
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,890 sqft
Price per Sqft $123
Subdivision Mill Cos Add To St Anthony Falls
MLS Listing ID 6735952
Year Built 1924
Annual Tax Amount $21,702
Lot Size 0.263 Acres
Property Description
707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters. Property Manager lives on site.
Location
State MN
County Hennepin
Community Mill Cos Add To St Anthony Falls
Zoning Residential-Multi-Family
Interior
Heating Boiler
Cooling Window Unit(s)
Flooring Carpet
Exterior
Parking Features Parking Lot
Garage Spaces 6.0
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Rubber
Building
Lot Description Tree Coverage - Medium
Foundation Concrete Block
Water City Water - In Street
Structure Type Brick,Frame