806 6th Street SE,Minneapolis, MN 55414
Minneapolis, MN 55414
Description
Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package including a shared 20-space parking lot for a combined purchase price of $1,550,000. When fully occupied these investments have potential to produce combined annual gross income of $171,000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 806 6th Street SE is currently operating as a duplex with a clear path to triplex conversion a value-add play that savvy investors will immediately recognize. Paired with 810 6th Street SE operating as a triplex, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 806 will occur concurrently with 810 6th Street SE (MLS 7068805)
Details
| MLS # | 7068739 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 101 |
| Listing Provided By | eXp Realty | Marissa Winegarden |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 3,336 |
| Basement | Y |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.13 |
Interior
| Heating | Hot Water |
|---|
Exterior
| Lot Features | Public Transit (w/in 6 blks), Tree Coverage - Light |
|---|
Parking
| Parking Features | Parking Lot, Paved Lot |
|---|
Taxes
| Property | 11242 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | 50 |
| Community Name | Mill Cos Add To St Anthony Falls |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Mill Cos Add To St Anthony Falls) | |
Price: $599,900 low | high Med: $899,950 sqft: 3,336 low | high Med: 3,210 $ / sqft: $180 low | high Med: $280 On site: 101 low | high Med: 67.5 | |
Market Activity 55414
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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 | 55414 |
| Area | 50 |
| Community Name | Mill Cos Add To St Anthony Falls |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Mill Cos Add To St Anthony Falls) | |
Price: $599,900 low | high Med: $899,950 sqft: 3,336 low | high Med: 3,210 $ / sqft: $180 low | high Med: $280 On site: 101 low | high Med: 67.5 | |
