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2016-2020 E Franklin Ave
Minneapolis, MN 55404
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Conveniently Located.
- Affordable Rent Rates
- Private Parking Lot.
- Value-Add Opportunities.
EXECUTIVE SUMMARY
This multi-family property is conveniently located in the Seward neighborhood and features 16 rental units across four buildings. It consists of 8 two-bedroom units and 8 three-bedroom units. Recent updates include new windows, exterior stucco, new exterior security doors and unit interiors. Income and expenses are based on current rental rates and expenses, but could vary based on the new owners use and rates.
PROPERTY FACTS
| Price Per Unit | $165,757 CAD | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 20,340 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1916 |
| Apartment Style | Garden | Parking Ratio | 0.79/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R6 - Residential | ||
| Price Per Unit | $165,757 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 20,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R6 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | 687 |
PROPERTY TAXES
| Parcel Number | 25-029-24-33-0166 | Improvements Assessment | $2,327,557 CAD |
| Land Assessment | $345,630 CAD | Total Assessment | $2,673,187 CAD |
PROPERTY TAXES
Parcel Number
25-029-24-33-0166
Land Assessment
$345,630 CAD
Improvements Assessment
$2,327,557 CAD
Total Assessment
$2,673,187 CAD
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