ST SE, Minneapolis, MN 55414 - MLS#6735952

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,349,900

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

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

Acres 0.25

Lot Dimensions 66.00 X 165.00

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

Direction 35w north to University/4th Street exit. Turn west/left on 4th Street, turn north/right on 7th Street SE and turn east/right on 5th Street. Building on left.

Interior

Heating Boiler

Cooling Window Unit(s)

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

Accessibility None

Total Parking Spaces 6

Building

Lot Description Tree Coverage - Medium

Water City Water - In Street

Structure Type Brick,Frame

Others

Senior Community No

Tax ID 2402924230045

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Listed by Metro Group Real Estate

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