Listed By
Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780
Shown By
Agency Title: Counselor Realty
Agency Phone:
Property Description
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.
Property Features
Feature Descriptions
Local Schools
3540 11th Avenue S, Minneapolis, MN 55407
An agent will get in touch to confirm your request shortly.
Near By
Demographics
3540 11th Avenue S, Minneapolis, MN 55407
Send an email with a link to
3540 11th Avenue S, Minneapolis, MN 55407.
Select a format below, new window will open and will prompt you to print.
3540 11th Avenue S | MLS# 7088981
This commercial property located at 3540 11th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,250,000. 11th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.