3835 5th Avenue S, Minneapolis, MN 55409

$500,000
4,640
SqFt
List Price
$500,000
MLS#
5319351
Status
INSPECTION
Type
Multifamily
Style
(MF) Four Plex
Living Area
4,640
Acres
0.21
Subdivision
Fifth Ave Add
Neighborhood
Bryant
Year Built
1916

Property Description

Great Minneapolis 4-plex with tremendous cash-flow! $5,600/month in rent! Cap rate of 7.5%! Roof, windows, and 3/4 boilers are all new within the last 12 mos! Fully occupied through Spring 2020. Resident parking lot behind the property. New commercial washer/dryer with air card readers provide great source of extra income! All utilities are sub-metered. Don't miss out!

Additional Information

School District
Minneapolis
Amenities Shared
Coin-op Laundry Owned
Tax Amount
$7,970
Tax Year
2019
Total Num Units
4
Total Annual Expenses
31983
Annual Rent
16800
Annual Gross Income
69583
Annual Fuel Expense
1
Annual Gross Expense
31983
Annual Trash Expense
1
Annual Repair Expense
1
Annual Electric Expense
1
Annual Insurance Expense
1
Annual Water Sewer Expen
1
Annual Maintenance Expen
1
Construction Status
Previously Owned
Fencing
Chain Link
Fuel
Natural Gas
Sewer
City Sewer/Connected
Roof
Flat
Exterior
Stucco
Has Supplements
Yes
Heating
Baseboard
Water
City Water/Connected
Handicap Accessible
None
Basement
Unfinished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Piche & Associates Real Estate.

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