$695,000
$650,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
3835 5th AVE S Minneapolis, MN 55409
4,576 SqFt
Key Details
Sold Price $695,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,576 sqft
Price per Sqft $151
Subdivision Fifth Ave Add
MLS Listing ID 6616316
Sold Date 11/18/24
Year Built 1916
Annual Tax Amount $7,257
Tax Year 2024
Contingent None
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 75x122
Property Description
This cash-flowing 4-plex located in South Central Minneapolis presents an exceptional opportunity to expand your portfolio.
Unit #3 is MTM and would be a great opportunity for an owner-occupant investor with almost all of the utilities being charged back to the tenants!
Large yard & parking lot with lots of extra storage available.
2/4 units are 4D program participants which reduces the property taxes by up to an estimated 40% (up to 80% if the new owner registers all 4 units in the program!)
With a limited number of 3-bedroom units available for rent in this area, you'll have strong rental demand and renters who want to stay long-term.
Location
State MN
County Hennepin
Rooms
Basement Brick/Mortar
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Parking Lot
Fence Chain Link
Roof Type Flat
Building
Story Two
Foundation 2288
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
School District Minneapolis
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