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3311 Fremont Ave N 5 Unit Apartment Building $692,900 CAD ($138,580 CAD/Unit) Minneapolis, MN 55412
EXECUTIVE SUMMARY
Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!
PROPERTY FACTS
| Price | $692,900 CAD | Lot Size | 0.15 AC |
| Price Per Unit | $138,580 CAD | Building Size | 3,200 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 5 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.88/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | Residential/Multi-Family - Residential/Multi-Family | ||
| Price | $692,900 CAD |
| Price Per Unit | $138,580 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,200 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.88/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Residential/Multi-Family - Residential/Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 800 |
1 1
PROPERTY TAXES
| Parcel Number | 09-029-24-13-0061 | Improvements Assessment | $547,785 CAD |
| Land Assessment | $61,479 CAD | Total Assessment | $609,264 CAD |
PROPERTY TAXES
Parcel Number
09-029-24-13-0061
Land Assessment
$61,479 CAD
Improvements Assessment
$547,785 CAD
Total Assessment
$609,264 CAD
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3311 Fremont Ave N
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