2641 Lyndale Avenue S
Minneapolis, MN 55408
3978 sqft | #6631730
Description
This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed.
The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.
Start charging for laundry and parking to further boost the bottom line & NOI.
Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.
With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.
Connect with Nate for more detailed information & other off-market opportunities.
Property Details
- RoofAge Over 8 Years, Flat
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
- Parcel Number3402924320141
- Property TypeMulti-Family
- SubdivisionHoblitts Add
- Parking FeaturesParking Lot
- School DistrictMinneapolis
- Property SubtypeQuadruplex
- CountyHennepin
- MLS #6631730
- MLS #6631730
- HeatingBoiler
- Taxes Annual$8,924
- Cost600000
- Basement DescriptionBlock
- Square Feet3978
- Year Built1912
- Days on Market (Cumulative)61
- Basement1
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Nathan Schammel (#NST506017223)
Listing Office: MRG Realty Partners, LLC (#NST26013)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
