About 3010 20th Avenue S
11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.
Features of 3010 20th Avenue S
| MLS® # | 7088900 |
|---|---|
| Price | $1,125,000 |
| Acres | 0.18 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3010 20th Avenue S |
|---|---|
| Area | 16 |
| Subdivision | Minnehaha Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Utilities | Electric Common, Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot, Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stone, Stucco |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 93 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $3,294 |
Listing Details
| Office | Commercial Investors Group LLC |
|---|