$340,000
$359,900
5.5%For more information regarding the value of a property, please contact us for a free consultation.
320 W 33rd ST Minneapolis, MN 55408
3,484 Sqft Lot
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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