1. Minnesota
2. Minneapolis
3. 3001 N 3rd Street

3001 N 3rd Street, Minneapolis, MN 55411

• 7,392 sqft

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

Interior

• Appliances: RangeRefrigerator
• A/C: Wall Unit(s)
• Heating: Boiler

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of LPT Realty, LLC