1. Minnesota
2. Minneapolis
3. 5030 Sheridan Avenue S

5030 Sheridan Avenue S, Minneapolis, MN 55410

• 2,832 sqft

Property Description

Welcome to 5030/32 Sheridan Ave S, Minneapolis, MN – a fantastic opportunity for both owner-occupants and savvy investors in one of South Minneapolis's most desirable neighborhoods. This meticulously maintained duplex offers the perfect blend of classic character and modern convenience, situated on a tree-lined street with excellent walkability to local shops, parks, lakes, and vibrant dining options. 1.5 blocks from Lake Harriet. You'll find bright, inviting living areas on two levels, 2 bedrooms & 2 bathrooms on each side. The kitchens have been updated with newer appliances, perfect for tenants or for making one unit your own home. You'll find AMPLE storage in each unit's lower level, as well as private laundry. The property boasts beautiful hardwood floors, walk in closets, full bathrooms & 2 bedrooms on the main floor, a large family room, and 3/4 bath on each of the lower levels. The exterior presents attractive curb appeal with beautiful brick & fresh paint, a two-car detached garage with openers, along with ample off-street parking, providing convenience for residents. Investment Highlights: This property offers exceptional income potential, allowing an owner-occupant to live in one unit and offset their mortgage with rental income from the other, or for an investor to capitalize on strong rental demand in a prime Minneapolis Fulton neighborhood location. The lower level could easily be built out to include another bedroom for increased rental income. With its desirable address and versatile layout, 5030/32 Sheridan Ave S is a smart addition to any portfolio. Insurance: $2916, Maintenance, lawn, snow, fall clean up: $2435. Water, garbage, sewer: $2270. Seller intends to perform a 1031 tax-deferred exchange.

Listing Status:

Active

Listing Office:

Keller Williams Realty Integrity Lakes : 612-821-7400

MLS ID:

6726774

Interior

• Basement: BlockDaylight/Lookout WindowsFinishedTile Shower
• Heating: Forced Air

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Keller Williams Realty Integrity Lakes