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3513-3515 Hennepin Ave 5 Unit Apartment Building $1,176,825 CAD ($235,365 CAD/Unit) 8.47% Cap Rate Minneapolis, MN 55408
EXECUTIVE SUMMARY
Fully occupied mixed use building in the heart of South Minneapolis! Great investment opportunity and includes the parking lot to the north. Seller open to providing up to $350k in Seller financing. Email broker for additional financial information.
PROPERTY FACTS Under Contract
| Price | $1,176,825 CAD | Building Class | B |
| Price Per Unit | $235,365 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,534 SF |
| Cap Rate | 8.47% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C1 | ||
| Price | $1,176,825 CAD |
| Price Per Unit | $235,365 CAD |
| Sale Type | Investment |
| Cap Rate | 8.47% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 6,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | C1 |
AMENITIES
UNIT AMENITIES
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 150 |
| Studios | 2 | - | 432 - 600 |
| 1+1 | 1 | - | 600 |
| 2+1 | 1 | - | 812 |
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Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 04-028-24-42-0052 | Improvements Assessment | $696,589 CAD |
| Land Assessment | $215,745 CAD | Total Assessment | $912,335 CAD |
PROPERTY TAXES
Parcel Number
04-028-24-42-0052
Land Assessment
$215,745 CAD
Improvements Assessment
$696,589 CAD
Total Assessment
$912,335 CAD
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3513-3515 Hennepin Ave
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