Listed By
Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780
Shown By
Agent Name: Mary Meuwissen, Managing Broker of Counselor Realty of Victoria
Agent Phone: (612) 670-5879
Agency Title: Counselor Realty
Property Description
11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.
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3010 20th Avenue S, Minneapolis, MN 55407
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3010 20th Avenue S, Minneapolis, MN 55407
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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3010 20th Avenue S | MLS# 7088900
This commercial property located at 3010 20th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,125,000. 20th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on mmeuwissen.counselorrealty.com today.