MLS#7086019
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONGilpatricks Add
SCHOOLMinneapolis
Property Description
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. Contact Listing Agent Miguel Lopez for additional information and private showings. Financials, T12, and rent roll available in MLS supplements.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Baseboard
Lot Size: 0.17 Acres
Roof Type: Age 8 Years or Less, Asphalt
Stories: 3.0
Taxes: $11,660
Year Built: 1963
Feature Descriptions
Current Use: Residential
Days on Site: 1
Foundation Size: 4536
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 60x123
Parcel#: 3502924140115
Parking: Asphalt, Parking Lot, Paved Lot, Open
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Units: 10
Utilities: Electric Separate, Heating Common
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 952-283-0897
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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2528 17th Avenue S | MLS# 7086019
This commercial property located at 2528 17th Avenue S, Minneapolis, MN 55404 is currently listed for sale with an asking price of $875,000. 17th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on jhentges.homesbyjoel.com today.