$630,000
$634,900
0.8%For more information regarding the value of a property, please contact us for a free consultation.
3043 Grand AVE S Minneapolis, MN 55408
2,564 SqFt
Key Details
Sold Price $630,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,564 sqft
Price per Sqft $245
MLS Listing ID 5746884
Year Built 1900
Annual Tax Amount $6,898
Tax Year 2020
Lot Size 5,662 Sqft
Property Sub-Type Apartment
Property Description
Solid 4-plex; fully rented with strong cash flow. Great uptown location - close to everything. New siding, windows, gutters, kitchen cabinets, carpet, tile, paint, etc. 4 new water heaters and forced air furnaces in each unit. Separate utilities. Owner only pays water bill. Four 1 bd, 1 bath units. 2 currently rented yearly for $1150/month. 2 are furnished and rented short term for $1500-1800/month. Mostly rented min 70-90 days to travel nurses; tenant placement pro does a great job keeping units rented - she is willing to continue to place tenants for new owner as she did when current owner bought property. It's been the key to achieving max net/cash flow. Records of rent$, bookings, leases, etc can be provided. Furnishings are negotiable to include in sale. Dream scenario to walk into well managed, proven max cash flowing property w/ 2 yrly leased units; 2 furnished, short-term leased units.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Exterior
Parking Features Open
Roof Type Asphalt,Pitched
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 1340
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis
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