1. Minnesota
2. Minneapolis
3. 2735 Aldrich Avenue S

2735 Aldrich Avenue S, Minneapolis, MN 55408

• 7,700 sqft

Property Description

Fantastic location and completely renovated 8-unit building in the heart of uptown, Minneapolis. This wonderfully located 8 unit building recently completed a major renovation - including adding significant finished living space, all new kitchens and bathrooms, new & refinished floors, appliances, new roof, new plumbing and electrical throughout, fresh paint, trim and fixtures. The renovation wonderfully mixes the old charm and character of the original building with fresh updates throughout that will attract tenants and keep repair and maintenance expenses low. Annual gross income is $151,200. Cap rate is above market at 8.4%. Will consider seller financing!! Unit breakdown: 1BR+1 BA (4x). 2 BR+1 BA (2x). 3BR+ 2BA. 4BR+ 2BA. Two units are fully furnished and operating as STRs and mid-term rentals.

Listing Status:

Active

Listing Office:

Fox Realty : 952-473-1716

MLS ID:

6658670

Interior

• Appliances: DryerFreezerGas Water HeaterRangeRefrigeratorWasher
• Basement: Egress Window(s)FinishedFullPartially FinishedShared Access
• A/C: Window Unit(s)
• Heating: BoilerRadiant

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Fox Realty