3532 Longfellow Avenue, Minneapolis, MN 55407

TERBARU
bedrooms 6
|Lain
THB ฿15.624.895
USD $450.000
Diterbitkan di: 16 11 2024
Terakhir diperbarui saat: 16 11 2024
3532 Longfellow Avenue, Minneapolis, MN 55407
3532 Longfellow Avenue, Minneapolis, MN 55407
3532 Longfellow Avenue, Minneapolis, MN 55407
+42
3532 Longfellow Avenue, Minneapolis, MN 55407
  • 42
Properti ID: 110095766777
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Multi-Family - Minneapolis, MN

3532 Longfellow Avenue, Minneapolis, MN 55407
Investors seeking a high-yield property in Minneapolis need look no further than this 1924-built South Minneapolis duplex, positioned above a strong 6.6% cap rate—a rarity in today's multi-family market. Located at 3532 Longfellow Avenue in the desirable Corcoran neighborhood, this property presents significant income potential with multiple ways to add value. Currently, it includes two 2-bedroom, 1-bathroom units, each offering more than 800 square feet of finished space and bringing in below-market rents: $1,450/month for the main and upper-level units, and $1,000/month for the lower level, which is a non-conforming third unit. This lower-level unit could legally convert to a third income stream, transforming the property into a triplex upon obtaining the necessary city approval. Each unit has its own gas and electrical meters, allowing for straightforward utility cost management. Plus, with two detached garage spots—currently unused as revenue sources but each capable of netting around $150/month—the next owner could unlock additional income potential. Three open-air parking spots also offer opportunities to charge tenants between $50-75 monthly. Tenants enjoy a central location that's just minutes from community staples like Matt's Bar, Sisters' Sludge Coffee and Wine Bar, Powderhorn Park, and Sibley Park, enhancing appeal and occupancy stability. While no laundry facilities currently exist, adding them would further boost property value. Current leases extend to mid- and late 2025, providing a stable income stream with ample opportunity for rent increases upon renewal. With its strong yield, value-add potential, and high-demand neighborhood, this property offers an exceptional addition to any portfolio. Seize the chance to enhance cash flow and equity with this Minneapolis investment gem.

Detail Properti

Informasi awal

jenis properti
Lain
Status Daftar
Active
Luas Tanah
566,56 m2
Ukuran Bangunan
233,93 m2
Tahun Dibangun
1924
Kamar
6 Kamar tidur
Gaya Arsitektur
Other
daerah
Hennepin
ID Paket
0102824320165
Pemberi
Regional Multiple Listing Service of Minnesota [NorthStarMLS]
Bagian
Wilbers 2nd Add
Nama Kantor Pialang
Integrity Holdings Real Estate LLC
Telepon Kantor Pialang
(612) 821-7400
Alamat
3532 Longfellow Avenue, Minneapolis, MN 55407

Riwayat Pajak

TahunJumlah pajak
2024USD $6385THB ฿221.700*

*Harga disesuaikan dengan nilai tukar mata uang yang berlaku. thinkofliving.com maupun afiliasinya tidak bertanggung jawab jika terjadi ketidakakuratan penerapan nilai tukar. thinkofliving.com merekomendasikan Anda untuk melakukan verifikasi semua informasi sebelum memutuskan.

Hubungi Agen
Michael J Tracy
Keller Williams Integrity Realty
1350 Lagoon Ave No. 900, Minneapolis, MN 55408
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Michael J Tracy
1350 Lagoon Ave No. 900, Minneapolis, MN 55408
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      Properti ID: 110095766777

      Data Disediakan oleh Regional Multiple Listing Service of Minnesota [NorthStarMLS], MLS #: 6631019
      * LAYANAN INI MUNGKIN BERISI TERJEMAHAN YANG DIDUKUNG OLEH GOOGLE. GOOGLE MENAFIKAN SEMUA JAMINAN YANG TERKAIT DENGAN TERJEMAHAN, TERSURAT MAUPUN TERSIRAT, TERMASUK JAMINAN AKURASI, KEANDALAN, DAN JAMINAN TERSIRAT APA PUN, KESESUAIAN UNTUK TUJUAN TERTENTU, DAN TANPA PELANGGARAN.
      Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.