$640,000

0 Beds 0 Baths 0 SQFT 0.12 Acres
Type: Commercial

3948 Oakland Avenue
Minneapolis, MN 55407

MLS#: 6826530
The Real Estate Advantage
Office: 952.224.8800
Presented by: MRG Realty Partners, LLC

Property Description

 

3948 Oakland Avenue is a 5-unit multifamily investment opportunity located in the Bryant neighborhood of South Minneapolis. The property is comprised of three two-bedroom units, one three-bedroom unit, & one four-bedroom unit. A new boiler was installed in 2019, and the building has 100-amp electrical service. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There are four single stall garages included at the property. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W, as well as for access to numerous additional South Minneapolis area amenities.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Current UseResidential
DirectionsPortland Ave to 39th, east to Oakland
Garage Spaces4
Gross Income80651
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Net Operating Income44302
New ConstructionNo
Number Of Units Total5
Operating Expense36349
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameAbbotts & Sundbys Add
Tax Annual Amount$2,310
Tax Year2025
UtilitiesElectric Separate
Year Built1920
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area5,074 sqft
InclusionsBuilding
Lot Dimensions43 x 118 x 43 x 118
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$640,000

0 Beds 0 Baths 0 SQFT 0.12 Acres
Type: Commercial

3948 Oakland Avenue
Minneapolis, MN 55407

MLS#: 6826530
The Real Estate Advantage
Office: 952.224.8800