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Undisclosed Address in Minneapolis, MN 55405
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$963,500
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Home Details
Price
$963,500
Type
Commercial/Industrial
Year Build
1911
Lot Size
0.27
County
Hennepin
Garage
1
Basement
Block, Finished
Tax
$15,753
MLS®️ Listing#
6785866
On exitrealty.com
127 days
Property Description
The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units, including a bakery. All the units, except residential unit 202, are owned by one owner. The property has been converted to condos so each of the 6 units has its own PID. Potential for owner-occupant to purchase one of the residential unit 202. The owner of unit 202 currently owns the only garage in the back plus 2 parking spaces on the back side of the property. The entire site has 15 parking spaces. Heating updates are in process including on-demand hot water for unit heat in 4 units. Cap Rate: 7.15%. Gross Potential Income $122,000+. High visibility location. Open to creative financing.
- Parking
- Carport
- Detached
- Paved
- Heating Information
- Natural Gas
- Forced Air
- Basement
- Block
- Finished
- Cooling Information
- Window Unit(s)
- Water Features
- Public
Listing Courtesy: Metro Group Real Estate - 952-445-5970
Based on information submitted to the MLS GRID as of 2025-10-08 12:00:44. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Data Terms of Use
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$963,500
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EXIT REALTY METRO
7455 France Ave S. #154, Edina, MN 55435
Licensed in the state of Minnesota