Property Description
Spectacular six-unit apartment complex with large units and a mix of four two-bedroom and two one-bedroom floorplans. Three story all-brick exterior, sitting on 0.14+ acres with an off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. Average one-bedroom rents are $1,100 and two-bedroom at $1,300. This asset is centrally located next to Powderhorn Park and a stabilized in-place cap rate of 7.67% along with a 7.40 gross multiplier
Property Features
Property Type: Commercial - Business
Basement: Yes
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler, Hot Water
Lot Size: 0.14 Acres
Roof Type: Age Over 8 Years, Flat, Rubber
Stories: 3.0
Taxes: $14,699
Year Built: 1961
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Finished, Full, Storage/Locker
Current Use: Residential
Days on Site: 3
Foundation Size: 2200
Lot: Tree Coverage - Light
Lot Dimensions: 50 x 123
Owners Expense: Gas, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 0202824420004
Parking: Parking Lot
Road Frontage: City Street
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Electricity
Units: 6
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653
Shown By
Agent Name: Brent Bartel, Broker
Agent Phone: (651) 461-3001
Agency Title: Counselor Realty
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3420 Bloomington Avenue | MLS# 7168478
This commercial property located at 3420 Bloomington Avenue , Minneapolis, MN 55407 is currently listed for sale with an asking price of $675,000. Bloomington Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.thebartelgroup.com today.