Anand Prashad, Broker
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3606 E 34th Street, Minneapolis, MN 55406

$750,000
SQUARE FEET 5,500
MLS# 7068138
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Anand Prashad, Broker

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

STATUS: Pending
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Auditors Sub 237
SCHOOL: Minneapolis
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Property Description

Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.

3606 E 34th Street | MLS# 7068138

This commercial property located at 3606 E 34th Street, Minneapolis, MN 55406 is currently listed for sale with an asking price of $750,000. E 34th Street is located within the Minneapolis school district. Search Minneapolis real estate on aprashad.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Wall Unit(s)
Fuel Type: Natural Gas
Heating: Boiler, Hot Water, Zoned
Lot Size: 0.13 Acres
Roof Type: Age Over 8 Years, Flat
Stories: 3.0
Taxes: $10,988
Year Built: 1963

Feature Descriptions

Appliances: Dishwasher, Range, Refrigerator, Stainless Steel Appliances
Basement: Block, Egress Window(s), Finished, Full
Current Use: Residential
Days on Site: 120
Exterior: Block, Brick
Foundation Size: 1750
Lot Dimensions: 74 x 75
Owners Expense: Heat, Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 0602823240229
Parking: Paved Lot
Road Frontage: City Street, Paved Streets
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Broadband, Cable TV, Electricity
Units: 6
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653

Shown By

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

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