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3001 N 3rd Street, Minneapolis, MN 55411
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$974,900
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Home Details for 3001 N 3rd Street
Price
$974,900
Type
Commercial/Industrial
Year Build
1963
Lot Size
0.21
County
Hennepin
Tax
$7,682
MLS®️ Listing#
6739152
On exitrealty.com
148 days
Property Description
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however,
- Parking
- Assigned
- Paved
- Cooling Information
- Wall Unit(s)
- Heating Information
- Natural Gas
- Water Features
- Public
Listing Courtesy: LPT Realty, LLC - 877-366-2213
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EXIT REALTY NEXUS
2143 Northdale Blvd., Coon Rapids, MN 55433
Licensed in the state of Minnesota
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$974,900
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EXIT REALTY NEXUS
2143 Northdale Blvd., Coon Rapids, MN 55433
Licensed in the state of Minnesota