1107 57th Ave N
$649,900
1107 57th Ave N, Minneapolis, MN 55430
3,400 sqft
Building Size
0.32 acres
Lot Area
Details:
Highlights:
- Days on Market: 4
- Parking Features: Detached Garage, Driveway - Asphalt, Garage Door Opener, Parking Lot, Paved Lot
- Lot Size Dimension: 102x136
Description:
24 hr notice to show. Well-maintained property offers an excellent opportunity for a new or growing investor to step into a cash-flowing asset.
-Three units occupied w/market-rate tenants and a lease is pending on the fourth. Two units have been updated.
-4 furnaces-CenterPoint Energy has quoted approx. $2,500 to separate gas meters, allowing future heat costs to be shifted to tenants, further increasing net income.
-E-Z access to I-94, Hwy 100, and I-694, and public transit routes-high rental demand area. Street has an expanded pedestrian path leading to a regional park and the Mississippi River — approx. a 15-minute walk.
-Coin-op laundry on inactive third-party contract —new owner can take over machines and capture 100% of income.
-Detached garage provides another revenue opportunity if rented separately. Property has been professionally managed and would be suitable for either passive ownership or self-management.
**Listing agent holds an ownership interest in the property.
Public Transit (w/in 6 blks), Tree Coverage - Medium
Location
Gallery
