3311 Fremont Ave N, Minneapolis, MN 55412
MULTIFAMILY For SaleYear Built: 1961
Floors: 3
| Space | Size | Type | Pricing |
|---|---|---|---|
| Multi-Family 6-Unit Apartment Building for Sale | SALE | $500,000.00 |
Robert L Wuornos - Edina Realty Inc - Edina
PHONE: 6122709507
PHONE: 9529271100
• Building Size: 6 units • Lot Size; 0.146 Acres (50 x 127) • Year built: 1961 • Investment Highlights: o History of High occupancy o Monthly gross Income (T-12): $5,900 o Annual gross Income (T-12): $68,691 o Annual Operating Expenses (T-12): $20,588 o Net Operating Income (T-12): $48,293 o Projected CAP Rate (Estimate Based on T- 12): 9.6% o Seperately metered utilities for tenant efficiency o On-site parking, laundry and secure tenant access • Unit Mix: o Studio unit (1) High occupancy demand o 1-bedroom units (5) Spacious layouts • Property Features: Good location. On bus line. Near shopping. Near schools.