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$1,700,000

0 Beds 0 Baths 17,400 SQFT 0.29 Acres
Type: Commercial

3412 Bloomington Avenue
Minneapolis, MN 55407

MLS#: 7131152
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Apartment Cash Flow, Inc.

Property Description

 

Bloomington Square Apartments is located in the heart of South Minneapolis close to many shops, parks and employment. Built in 1962 this property features a total of 18-units with a mix of twelve 2bd, 1ba and six 1bd, 1ba along with a whole lower fourth level with four tuck under garages. There is plenty of extra storage and off-street parking. The exterior is maintenance free with brick and stucco and newer vinyl replacement windows. The building sits on 0.28 acres and is only a short block from the desirable Powderhorn Park. Onsite laundry and extra storage lockers. Fully leased and located in a non-rent controlled city of Minnesota. PROPERTY FACTS Year Built: 1962 Square Footage: 15,320 Units: 18 Zoning: Multiple-Dwelling Parking: 4 Attached Garage Stalls w/ Openers Plus 16 Off-Street Parking Spots Exterior: All Brick and Stucco Exterior Heating: Gas Fired Forced Air Hot Water Boiler System Air Conditioning: In the Wall Air Conditioning Units Roof: Flat Roof - Newer in Age UNIT DESCRIPTION 12 - Two Bedroom, One Bath - Approx. 800+ Sqft. 6 - One Bedroom, One Bath - Approx. 600+ Sqft PROPERTY IMPROVEMENTS Hallways and Common Areas Recently Painted Newer Hot Water Heater Newer Double-Hung Windows Throughout the Building


 

Interior Features

Other Interior Features

BasementPartial, Storage/Locker, Storage Space
Basement (Y/N)Yes
Ceiling Height8-10
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CityMinneapolis
Construction MaterialsBlock, Frame
ContingencyNone
CoolingWall Unit(s)
CountyHennepin
Current UseResidential
DirectionsHighway 35W to Lake street Go East to Bloomington Ave S South to Building
Electric Expense1500
Fuel Expense11220
Garage Spaces4
Gross Income254274
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Insurance Expense12000
Land Lease Y/NNo
Lender OwnedNo
LevelsThree Or More
Lot Size UnitsAcres
MaintenanceExpense13500
Net Operating Income147005
New ConstructionNo
Number Of Units Total18
Operating Expense107269
OwnerPaysElectricity, Fuel, Hot Water, Insurance, Grounds Care, Repairs, Security, Sewer, Taxes, Trash Collection, Water
Pool FeaturesNone
Possible UseIncome, Motel/Hotel
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameBloomington Ave Add
Tax Annual Amount$37,002
Tax Year2026
Tenant PaysBroadband, Cable TV, Electricity
TopographyHilly
Trash Expense3789
UtilitiesElectric Separate, Heating Common, Hot Water Common
Water Sewer Expense4000
Year Built1962
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total17,400 sqft
FencingNone
Foundation Area4,350 sqft
InclusionsBuilding, Land, Leases, Rental License
Lot Dimensions100 x 123
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Parking Lot, Tuckunder 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

$1,700,000

0 Beds 0 Baths 17,400 SQFT 0.29 Acres
Type: Commercial

3412 Bloomington Avenue
Minneapolis, MN 55407

MLS#: 7131152
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800