$974,900/mo

3001 N 3rd Street, Minneapolis, MN 55411

  • 7,392 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $132/sqft
  • Property List Date Icon Listed 20 days ago

Property Description

Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.

Listing Status:
Active
Listing Office:
LPT Realty, LLC : 877-366-2213
MLS ID:
6739152
  • Appliances: RangeRefrigerator
  • A/C: Wall Unit(s)
  • Heating: Boiler

This listing courtesy of LPT Realty, LLC

Location

Schools Nearby

C

Cityview Community School

3350 N 4th St, Minneapolis, MN, 55412

Grades PK-5

0.36 miles away

M

Minneapolis on Line Learning

1250 W Broadway Ave, Minneapolis, MN, 55411

Grades 7-12

1.01 miles away

M

Menlo Park Academy

1700 2nd St NE, Minneapolis, MN, 55413

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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