3116 Emerson Ave N, Minneapolis, MN 55411
MULTIFAMILY For SaleFloors: 2
| Space | Size | Type | Pricing |
|---|---|---|---|
| Retail Space for Sale | SALE | $419,900.00 |
William Schultz - KW Commercial Premier - St Paul
PHONE: 6512166814
Alex Moon - KW Commercial Premier - St Paul
PHONE: 6123847495
Retail | 9.89% CAP | 7,167 SqFt Marketing description High-cash-flow 6-unit mixed-use investment property in North Minneapolis featuring 4 residential apartments and 2 commercial spaces. The property is 100% occupied and generates $79,812 in actual annual scheduled income with $41,523 in actual NOI, producing a 9.89% actual cap rate and 1.71 DCR at the asking price of $419,900. With projected market income of $84,000 and market NOI of $45,711, 3116 Emerson Ave N offers investors immediate cash flow, diversified income, and upside in one accessible mixed-use asset. Investment highlights The property generates $79,812 in actual annual scheduled income with a projected actual NOI of $41,523, providing investors with immediate income from day one. 3116 Emerson Ave N offers a 9.89% actual cap rate and a 10.89% market cap rate, creating a compelling yield relative to many smaller multifamily and mixed-use assets. The unit mix includes 4 residential apartments and 2 commercial spaces, reducing reliance on a single tenant type and creating multiple income sources within one asset. The property is currently occupied across all units, with leases in place for both residential and commercial tenants, supporting stable in-place income and reducing immediate lease-up risk. Located at Lowry Ave N and Emerson Ave N, the property benefits from corner exposure, neighborhood commercial visibility, and 10 rear parking stalls, which is a meaningful advantage for both commercial tenants and residents.