New Listing3420 Bloomington Avenue,Minneapolis, MN 55407
Minneapolis, MN 55407
Description
Spectacular six-unit apartment complex with large units and a mix of four two-bedroom and two one-bedroom floorplans. Three story all-brick exterior, sitting on 0.14+ acres with an off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. Average one-bedroom rents are $1,100 and two-bedroom at $1,300. This asset is centrally located next to Powderhorn Park and a stabilized in-place cap rate of 7.67% along with a 7.40 gross multiplier
Details
| MLS # | 7168478 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 1 |
| Listing Provided By | Apartment Cash Flow, Inc. | Nathan P. Opatz |
Features
| SQ Feet | 6,600 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.14 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Boiler, Hot Water |
| Appliances | Range, Refrigerator |
Exterior
| Roof | Age Over 8 Years, Flat, Rubber |
|---|---|
| Lot Features | Tree Coverage - Light |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 14699 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Bloomington Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Bloomington Ave Add) | |
Price: $675,000 low | high Med: $1,175,000 sqft: 6,600 low | high Med: 9,570 $ / sqft: $102 low | high Med: $123 On site: 1 low | high Med: 149 | |
Market Activity 55407
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Bloomington Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Bloomington Ave Add) | |
Price: $675,000 low | high Med: $1,175,000 sqft: 6,600 low | high Med: 9,570 $ / sqft: $102 low | high Med: $123 On site: 1 low | high Med: 149 | |
