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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Bloomington Ave Add
MLS Listing ID 7046526
Bedrooms 9
Year Built 1919
Annual Tax Amount $13,782
Tax Year 2026
Contingent None
Lot Dimensions 123x50
Property Description
Each unit features brand-new kitchens with modern cabinetry, countertops, and appliances, along with fully renovated bathrooms finished with clean, contemporary materials. In-unit laundry has been added to every residence, a highly desirable amenity that increases rental appeal and reduces tenant turnover.
Unlike many older multi-family properties, this building offers:
*** separate forced-air furnaces and central air conditioning systems for each unit, allowing individual climate control and simplifying maintenance.
***Tenants are billed directly for their own gas and electric, significantly reducing owner expenses and providing predictable, efficient operations.
With updated systems throughout, a new owner will benefit from low utility costs, minimal deferred maintenance, and reduced repair risk, creating a true plug-and-play investment.
Whether you are a seasoned investor looking to add a stabilized asset to your portfolio or an owner-occupant seeking to offset your housing costs with rental income, this property checks all the boxes.
The combination of a full renovation, modern amenities, separate utilities, and strong rental demand makes this a rare opportunity in today's market. Turn-key, low-maintenance, and built for cash flow, this is the kind of asset that performs well both now and long term.
Add this exceptional property to your portfolio today. Great DSCR Loan Option.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Egress Window(s), Finished, Full, Storage/Locker
Interior
Heating Forced Air
Cooling Central Air
Flooring Luxury Vinyl Tile, Wood
Inclusions Building, Leases
Fireplace No
Appliance Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Exterior
Parking Features Detached Garage, Concrete
Garage Spaces 2.0
Fence Privacy
Pool None
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age Over 8 Years,Rubber
Present Use Residential
Building
Lot Description Tree Coverage - Light
Story Two
Foundation 5000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
Nearby School & Business
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