About 2528 17th Avenue S
Excellent opportunity to acquire a fully occupied 10-unit apartment building with strong in-place cash flow. This well-maintained property features updated units, a newer roof, updated exterior wood components, replacement shakes, and newer windows, helping reduce future capital expenditures. Generating approximately $117,000 in annual gross rental income, this stabilized asset offers immediate income with additional upside through long-term ownership. All units are occupied, providing consistent cash flow from day one. Ideal for investors looking to expand their portfolio or complete a 1031 exchange.
Features of 2528 17th Avenue S
| MLS® # | 7086019 |
|---|---|
| Price | $825,000 |
| Acres | 0.17 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 2528 17th Avenue S |
|---|---|
| Area | 22 |
| Subdivision | Gilpatricks Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55404 |
Amenities
| Utilities | Electric Separate, Heating Common |
|---|---|
| Parking | Asphalt, Parking Lot, Paved Lot, Open |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Baseboard |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stone, Shakes, Stucco |
|---|---|
| Lot Description | Public Transit (w/in 6 blks), Tree Coverage - Light |
| Roof | Age 8 Years or Less, Asphalt |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 89 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $11,660 |
Listing Details
| Office | Compass |
|---|