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2110 S Park Ave 22 Unit Apartment Building $2,878,780 CAD ($130,854 CAD/Unit) Minneapolis, MN 55404
Executive Summary
Beautiful maintained 22- unit multifamily property with many capital improvements, tastefully done units and hallways, a new roof. The property is part of the 4d Affordable Housing Incentive Program, resulting in a reduction in the property taxes, enhancing cash flow. A very healthy rental property with its proximity to Downtown Minneapolis, major transit routes, bus lines, hospitals, and community facilities, parks, bike trails. Phenomenal opportunity to add this income-producing asset to your portfolio.
Property Facts
| Price | $2,878,780 CAD | Lot Size | 0.27 AC |
| Price Per Unit | $130,854 CAD | Building Size | 15,300 SF |
| Sale Type | Investment | Average Occupancy | 91% |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 0.52/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM2 | ||
| Price | $2,878,780 CAD |
| Price Per Unit | $130,854 CAD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 15,300 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Office
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | 465 - 585 |
| 1+1 | 5 | - | 585 |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 35-029-24-22-0011 | Improvements Assessment | $2,227,975 CAD |
| Land Assessment | $216,240 CAD | Total Assessment | $2,444,215 CAD |
Property Taxes
Parcel Number
35-029-24-22-0011
Land Assessment
$216,240 CAD
Improvements Assessment
$2,227,975 CAD
Total Assessment
$2,444,215 CAD
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2110 S Park Ave
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