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3146 Minnehaha Ave
Minneapolis, MN 55406
The Moline · Multifamily Property For Sale
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17 Units
Investment Highlights
- Fully Implemented RUBS – Ratio Utility Billing System allows for utility expense recapture, improving NOI.
- Minneapolis 4D Program – Significant property tax savings that enhance annual cash flow and overall investment performance.
Executive Summary
The Moline Apartments is a 17-unit multifamily asset offering strong in-place cash flow and an opportunity to value-add through continued operational improvements. The property fully utilizes RUBS for utility recapture and is enrolled in the Minneapolis 4D Program, providing significant property tax savings and enhanced long-term returns.
Property Facts
| Sale Type | Investment | Lot Size | 0.29 AC |
| No. Units | 17 | Building Size | 11,934 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2013 |
| Building Class | C | Parking Ratio | 1.06/1,000 SF |
| Zoning | R2B | ||
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 11,934 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2013 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | R2B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | 480 - 750 |
Property Taxes
| Parcel Number | 01-028-24-12-0010 | Improvements Assessment | $2,062,501 CAD |
| Land Assessment | $258,325 CAD | Total Assessment | $2,320,826 CAD |
Property Taxes
Parcel Number
01-028-24-12-0010
Land Assessment
$258,325 CAD
Improvements Assessment
$2,062,501 CAD
Total Assessment
$2,320,826 CAD
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