Minneapolis, MN 55408,3043 Grand AVE S
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Minneapolis, MN 55408,3043 Grand AVE S
Minneapolis, MN 55408,3043 Grand AVE S
Minneapolis, MN 55408,3043 Grand AVE S
Minneapolis, MN 55408,3043 Grand AVE S

$630,000

Est. payment /mo

$634,900

0.8%
Est.Price: ?

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3043 Grand AVE S Minneapolis, MN 55408

2,564 SqFt

SOLD DATE : 07/15/2021

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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Listed by Reid Lenz • Verde Real Estate Group
agent

Adam Krenelka

+1(612) 600-8888

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