4 Unit Building in Minneapolis

By
Real Estate Broker/Owner with Vexillum Realty - Eagan, St. Paul, Minneapolis and suburbs 40370058
4 unit building in Minneapolis

4 unit building in Minneapolis

 

Great income property for an investor or owner occupant.

 Many recent updates make this 4 unit building a good opportunity to immediately generate income.

 

 

3220 3rd Ave. S

Minneapolis, MN 55408

8 Beds, 4 Baths

 

~ Each of the four units is a 2 bedroom which rents for $850/month.

~ Updates since 2007 include:

~ Roof

~ Four furnaces

~ Four water heaters

~ New gas lines

~ New countertops & cabinets

~ Updates to electrical & plumbing

Posted by

--
 
Mark
 
 
Mark R. Westpfahl  
e-PRO
® (CNE) ®
REALTOR®
Real Estate Broker
VEXILLUM REALTY
651.208.9848



If you're planning to sell in the coming months, then request your homeseller checklist, or your free book

 

 

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Rainmaker
191,066
DEBORAH STONE
Balboa Real Estate San Diego, CA - San Diego, CA

With a monthly income of $3400, the price seems really good. What are taxes like? How is the rental market in that area?

Jan 28, 2010 09:55 AM #1
Rainmaker
492,783
Mark R. Westpfahl REALTOR Broker
Vexillum Realty - Eagan, St. Paul, Minneapolis and suburbs - Eagan, MN
e-PRO® CNE® REALTOR® Minnesota Real Estate Broker

Taxes there are almost $6,000 - for now. It should be less, but the property sold in 2005 in the mid $300s.

Two bedrooms in the area are all around $800, give or take $100. The seller keeps it full with just a sign on the front.

Jan 29, 2010 12:58 AM #2
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Rainmaker
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Mark R. Westpfahl REALTOR Broker

e-PRO® CNE® REALTOR® Minnesota Real Estate Broker
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