For Sale: Minneapolis MLS# 6561135
Active
$469,000
Commercial: Apartment,Mixed Use,Low Rise,Office
Built 1926
0.18 acres
Minneapolis schools
MLS# 6561135
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Property Description
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation.
This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Docks for each lower space.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$469,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1926
State:
MN
Property Style:
Apartment, Mixed Use, Low Rise, Office
Zip Code:
55406
Neighborhood/Area:
Longfellow
Subdivision Name:
South Minneapolis Add
Interior
Ranges:
One
Refrigerators:
One
Appliances Included:
- Gas Water Heater
- Range
- Refrigerator
Basement Details:
- Block
- Concrete
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
None
Foundation Size:
2,320 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Guest Parking
- On-Street Parking Only
- Other
- Paved
Shared Amenities:
Other
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Stucco
Roof Details:
- Age Over 8 Years
- Rubber
Lot & Land
Acres:
0.18
Geolocation:
44.948621, -93.22342
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
92.32 x 86
Zoning:
Business/Commercial
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$12,182
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,182
Income
Annual Gross Income:
$55,140
Units
Total Units:
5
Miscellaneous
Current Use:
- Commercial
- Manufacturing
- Office
- Other
- Professional Service
- Residential
- Warehouse
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.