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1810 Portland Avenue, Minneapolis, MN 55404

Pending

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Listed By

Agency Name: Keller Williams Premier Realty
Agency Phone: 651-379-5252

Shown By

Agency Title: Counselor Realty
Agency Phone:

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Property Description

Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property hasbeen meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.

1810 Portland Avenue | MLS# 6793568

This commercial property located at 1810 Portland Avenue, Minneapolis, MN 55404 is currently listed for sale with an asking price of $880,000. Portland Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler, Hot Water
Lot Size: 0.16 Acres
Roof Type: Age 8 Years or Less
Stories: 3.0
Taxes: $17,526
Year Built: 1963

Feature Descriptions

Appliances: Gas Water Heater, Range, Refrigerator
Basement: Block, Shared Access
Current Use: Residential
Days on Site: 103
Exterior: Block, Concrete
Foundation Size: 8055
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 6891
Owners Expense: Sewer, Water
Parcel#: 2702924440068
Parking: Asphalt
Road Frontage: City Street
Sale Includes: Building, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas
Units: 11
Utilities: Electric Separate, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Near By

Demographics

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