3001 3rd St
$974,900
3001 3rd St, Minneapolis, MN 55411
0.21 acres
Lot Area
8
Units
Details:
Highlights:
- Lot Size Dimensions: 52x170
- Stories: Two
- Days on Market: 2
Description:
Turn-key 8-unit apartment building offering a cash-flowing investment at affordable rent levels. The property includes six 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. Units have been recently renovated, including new kitchens, countertops, flooring, and fixtures. Rents are set below 50% of the area median income (AMI), and the building is enrolled in the Minneapolis 4d Affordable Housing Program, providing approximately 40% in annual property tax savings. Additional improvements include upgraded mechanical systems, commercial-grade security and access controls, and a newly paved parking lot with off-street parking and on-site laundry. The building is fully stabilized; however, Unit #3 has been intentionally left vacant to accommodate showings.
Location
Gallery
