1810 Portland Avenue
Minneapolis, MN 55404
8055 sqft | #6676751
Description
Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property has been meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.
Property Details
- AppliancesGas Water Heater, Range, Refrigerator
- Utility FeaturesElectric Separate, Hot Water Common
- SubdivisionJackson Daniels & Whitneys Add
- Lot FeaturesPublic Transit (w/in 6 blks)
- Lot DescriptionPublic Transit (w/in 6 blks)
- Basement DescriptionBlock, Shared Access
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
- RoofAge 8 Years or Less
- HeatingBoiler, Hot Water
- Property SubtypeCommercial Sale
- Parcel Number2702924440068
- CoolingWall Unit(s)
- Cooling FeaturesWall Unit(s)
- School DistrictMinneapolis
- Property TypePurchase
- CountyHennepin
- Parking FeaturesAsphalt
- Taxes Annual$17,526
- MLS #6676751
- Cost1100000
- MLS #6676751
- Square Feet8055
- Year Built1963
- Basement1
Location
Legal
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Last Updated:Â . Source: NORTHSTAR
Listing Courtesy
Listing Agent: James Faillettaz (#NST506019989)
Listing Office: Keller Williams Premier Realty (#NST9705)
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