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$2,068,000

0 Beds 0 Baths 15,300 SQFT 0.27 Acres
Type: Commercial

2110 Park Avenue
Minneapolis, MN 55404

MLS#: 7126151
The Real Estate Advantage
Office: 952.224.8800
Presented by: RE/MAX Results

Property Description

 

Beautiful maintained 22- unit multifamily property with many capital improvements, tastefully done units and hallways, a new roof. The property is part of the 4d Affordable Housing Incentive Program, resulting in a reduction in the property taxes, enhancing cash flow. A very healthy rental property with its proximity to Downtown Minneapolis, major transit routes, bus lines, hospitals, and community facilities, parks, bike trails. Phenomenal opportunity to add this income-producing asset to your portfolio.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CoolingWall Unit(s)
CountyHennepin
Current UseResidential
DirectionsI-94, take the Portland Ave exit and head south. Turn left onto 22nd Street E, then left onto Park Avenue, property will be on the right.
Garage Spaces0
Gross Income261861
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
Net Operating Income160257
New ConstructionNo
Number Of Units Total22
Operating Expense101604
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameG N Merriams Add
Tax Annual Amount$6,780
Tax Year2026
UtilitiesElectric Separate
Year Built1959
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total15,300 sqft
Foundation Area5,100 sqft
InclusionsBuilding, Land, Leases
Lot Dimensions75x160
Lot Size Area0 sqft
Parking FeaturesParking Lot
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

$2,068,000

0 Beds 0 Baths 15,300 SQFT 0.27 Acres
Type: Commercial

2110 Park Avenue
Minneapolis, MN 55404

MLS#: 7126151
The Real Estate Advantage
Office: 952.224.8800