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$900,000

3 Beds 2 Baths 5,400 SQFT 0.15 Acres
Type: Multi-Family

5424 32nd Avenue S
Minneapolis, MN 55417

MLS#: 7103604
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Real Estate Corners, Inc

Property Description

 

Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented for a total monthly income of $7,500. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!


 

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths6

Other Interior Features

Above Grade Finished Area3,600 sqft
BasementDaylight/Lookout Windows, Egress Window(s), Finished, Full
Basement (Y/N)Yes
Below Grade Finished Area1,800 sqft
FuelNatural Gas
Garage Square Feet470

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsHwy 62 to North on 34th Ave, West on E 54th Street, then left on 32nd Ave.
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income90000
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense5000
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area5,400 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income68500
New ConstructionYes
Number Of Units Total3
Operating Expense21500
OwnerPaysInsurance, Taxes, Water
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameC F E Peterson Co Nokomis Park
Tax Annual Amount$13,914
Tax Year2026
Tenant PaysAll Utilities
Trash Expense0
Water Sewer Expense2500
Year Built2022
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total5,400 sqft
Foundation Area1,800 sqft
Lot Dimensions149x42
Lot Size Area0 sqft
Parking FeaturesAttached Garage
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
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

$900,000

3 Beds 2 Baths 5,400 SQFT 0.15 Acres
Type: Multi-Family

5424 32nd Avenue S
Minneapolis, MN 55417

MLS#: 7103604
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800