Linda Schiefert
(218) 790-1664
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Listing Details
- $775,000
- MLS# 7049047
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Peritus Real Estate
Agency Phone: 612-554-7794
Shown By
Agent Name: Linda Schiefert
Agent Phone: (218) 790-1664
Agency Title: Town & Country Realty
Home Value Estimate
Description
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income.This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow ? an attractive feature for investors seeking reliable returns.Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical...read more
Features
- Appliances: Gas Water Heater, Range, Refrigerator
- Cooling: Wall Unit(s)
- Heating: Boiler, Hot Water, Radiator
- Stories: 2.0
- Taxes: $2,329
- Water: City Water/Connected
- Year Built: 1971
Gallery
Listed By
Agency Name: Peritus Real Estate
Agency Phone: 612-554-7794
Shown By
Agent Name: Linda Schiefert
Agent Phone: (218) 790-1664
Agency Title: Town & Country Realty
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