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$1,100,000

14 Beds 9 Baths 0 SQFT 0.29 Acres
Type: Commercial

612 University Avenue SE
Minneapolis, MN 55414

MLS#: 7127269
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Fuze Real Estate

Property Description

 

Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer. All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units. New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs. Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original condition, providing a clear path to increased cash flow and value. Buyer and Buyer's Agent to verify square footage.


 

Interior Features

Bedrooms

Total Bedrooms14

Bathrooms

Total Baths9

Other Interior Features

BasementNone
Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Amenities UnitCeiling Fan(s), Deck, Kitchen Center Island, Main Floor Primary Bedroom, Multiple Phone Lines, Patio
AppliancesDishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
Carport Spaces0
CityMinneapolis
Construction MaterialsBlock, Concrete, Frame
ContingencyNone
CoolingCentral Air
CountyHennepin
Current UseResidential
DirectionsFrom 35W, exit on SE 4th Street and head West to 6th Ave SE and turn Left. Go one block to University and turn Left. Property will be on your right.
Electric Expense1999
Garage Spaces0
Gross Income99840
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense14082
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
MaintenanceExpense6055
Net Operating Income48275
New ConstructionNo
Number Of Units Total5
Operating Expense51565
OwnerPaysElectricity, Exterior Maintenance, Grounds Care, HVAC Maintenance, Janitorial Service, Repairs, Management, Pest Control, Roof Maintenance, Sewer, Snow Removal, Trash Collection, Water
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSaint Anthony Falls
Tax Annual Amount$22,011
Tax Year2026
Tenant PaysBroadband, Cable TV, Electricity, Gas, Heat
Trash Expense3722
UtilitiesElectric Separate
Water Sewer Expense4570
Year Built2000
Zoning DescriptionResidential-Multi-Family

Exterior

FencingChain Link
Foundation Area1 sqft
InclusionsBuilding, Fixture/Equipment, Inventory, Leases, Other, Rental License
Lot Dimensions76x165
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0 sqft
Parking FeaturesOff Site, Paved Lot
Road Frontage TypeSidewalks
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

$1,100,000

14 Beds 9 Baths 0 SQFT 0.29 Acres
Type: Commercial

612 University Avenue SE
Minneapolis, MN 55414

MLS#: 7127269
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800