Minneapolis, MN 55408,320 W 33rd ST
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Minneapolis, MN 55408,320 W 33rd ST
Minneapolis, MN 55408,320 W 33rd ST
Minneapolis, MN 55408,320 W 33rd ST
Minneapolis, MN 55408,320 W 33rd ST

$340,000

Est. payment /mo

$359,900

5.5%
Est.Price: ?

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320 W 33rd ST Minneapolis, MN 55408

3,484 Sqft Lot

SOLD DATE : 03/18/2021

Key Details

Sold Price $340,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5690109

Year Built 1910

Annual Tax Amount $5,011

Tax Year 2020

Lot Size 3,484 Sqft

Property Description

Pride in ownership on this one - very well cared for & extensively updated Mixed-use - 3 units total - 2 residential units both 1/1, 726ft2 - rented $800/m2m & 1100ft2 - just fully renovated, vacant. Market rent $1400-1600. Both units have electric heat. Upper unit has additional mini-split a/c & heat. Commercial/retail unit 1000ft2 - currently convenient store rented $800/m2m; well below market rent. Updates to whole property include new plumbing, all new electrical/panels. Total exterior just resided with vinyl, new roof/soffit/fascia, new windows throughout, 2 car garage with new door & siding. Upper unit - total remodel just completed. Great location, solid income producing property w/ split utilities including water - very rare - just needs 2 water meters to complete 3-way split of water; will cost about $1k. This property has been extensively updated with high end materials & permits pulled - fantastic value to this area; 8%+ cap rate!

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Interior

Heating Baseboard, Boiler, Ductless Mini-Split

Cooling Central Air, Ductless Mini-Split, Window Unit(s)

Exterior

Parking Features Detached

Garage Spaces 2.0

Utilities Available Electric Common

Roof Type Asphalt,Flat,Rubber

Building

Story Two

Foundation 1506

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Metal Siding,Vinyl Siding

Schools

School District Minneapolis

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Listed by Reid Lenz • Verde Real Estate Group
agent

Adam Krenelka

+1(612) 600-8888

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