Anand Prashad, Broker
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3010 20th Avenue S, Minneapolis, MN 55407

$1,125,000
SQUARE FEET 7,344
MLS# 7088900
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Anand Prashad, Broker

Anand Prashad, Broker
Call: (612) 790-6080

STATUS: Contingent
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Minnehaha Add
SCHOOL: Minneapolis
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Property Description

11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.

3010 20th Avenue S | MLS# 7088900

This commercial property located at 3010 20th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,125,000. 20th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on aprashad.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Electric, Natural Gas
Heating: Boiler
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $3,294
Year Built: 1960

Feature Descriptions

Current Use: Residential
Days on Site: 86
Foundation Size: 2448
Lot Dimensions: 63.00 X 125.00
Parcel#: 0102824220014
Parking: Parking Lot, Paved Lot
Sale Includes: Building, Fixture/Equipment, Land, Rental License
Sewer: City Sewer/Connected
Units: 11
Utilities: Electric Common, Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780

Shown By

Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty

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