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Sold
Sold
$849,000  (list price)
$815,000
/mo   Edit
MLS# 5316734
Commercial
Built 1889
0.17 acres
Minneapolis schools
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    Description:   Bring Offers. Opportunity Zone 5 unit apartment building w 4 BR each unit!! 20 total BR. New Roof Coating 2019. Great layouts, w galley style kitchen. Furnaces by unit, 5 new water heaters, storage, parking, easy to run low expenses great gross revenues and high NI. See enclosed figures. CLA for showings and more information. 7.9% Cap Ask. CLA for more info.
    List Price: $849,000
    Sold Price: $815,000
    Sold Date: 12/31/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1889
    Neighborhood/Area: Ventura Village
    City: Minneapolis
    Zip Code: 55404

    Interior

    Building Fin Sq Ft: 6,585 ft²

    Exterior

    Heating System: Forced Air
    Foundation Size: 2,195 ft²
    Handicap Accessible: None
    Exterior Material: Metal, Vinyl
    Garage Spaces: 0
    Other Parking Spaces: 6

    Lot

    Acres: 0.17
    Latitude: 44.96447000
    Longitude: -93.25203800
    Lot Size Dim.: 50x150
    Dev/Complex Name: Cornells Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 1 - Minneapolis
    District Phone: 612-668-0000

    Expenses

    Total Annual Expenses: $24,000

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $10,664
    Assessment Pending: No
    Taxes w/ Assessments: $10,664

    Income

    Annual Gross Income: 95000.00

    Rent

    Annual Net Income: $71,000

    Unit

    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 0
    Total Units: 5
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Common
    Water System: City Water/Connected

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
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