26
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$664,900
Est. payment /mo
5,280 SqFt
Active
3200 Bloomington AVE Minneapolis, MN 55407
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UPDATED:
11/07/2024 06:44 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $125
Subdivision Williams Add
MLS Listing ID 6596769
Year Built 1912
Annual Tax Amount $10,855
Tax Year 2024
Contingent None
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 60.00 X 76.30
Property Description
This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building.
Tenants pay their own Heat / Gas / Electric!
Lots of storage is available in the basement with a separate entrance in the back for convenient access.
Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.
Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.
The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.
Tenants pay their own Heat / Gas / Electric!
Lots of storage is available in the basement with a separate entrance in the back for convenient access.
Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.
Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.
The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features None
Fence None
Roof Type Rubber
Building
Story Two
Foundation 2640
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Aluminum Siding,Brick/Stone
New Construction false
Schools
School District Minneapolis
Listed by Nathan Schammel • MRG Realty Partners, LLC