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Property Description
Prime Northeast Minneapolis Duplex Investment!This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market.¢ The Property: Spacious side-by-side layout with 1,364 finished sq. ft. per side.¢ The Income: Strong gross rent of $4,965/month ($59,580 annually).¢ Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1,976/mo / $23,712 annualized).¢ The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and <5 miles to downtown.¢ Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually.Please review the Offering Memorandum for additional details.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Heating: Forced Air
Lot Size: 0.13 Acres
Taxes: $6,097
Year Built: 1963
Feature Descriptions
Days on Site: 1
Foundation Size: 1491
Lot Dimensions: 45.00 X 123.00
Owners Expense: Exterior Maintenance, Insurance, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
Parcel#: 0202924120030
Parking: On-Street Parking Only
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Lawn Care, Snow Removal
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 952-944-7107
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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Estimated Payment
$ 3,421.79 per month $2,762.34 Principal & Interest $508.08 Property Tax $151.38 Homeowner's InsuranceChange Payment Information
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566 & 568 37th Avenue Ne | MLS# 7149871
This multi-family property located at 566 & 568 37th Avenue Ne, Minneapolis, MN 55421 is currently listed for sale with an asking price of $519,000. & 568 37th Avenue Ne is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.