$1,360,000
$1,505,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 06/29/2023
Key Details
Sold Price $1,360,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Kings Add
MLS Listing ID 6336815
Sold Date 06/29/23
Year Built 1910
Annual Tax Amount $21,998
Tax Year 2023
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 46 x 128
Property Description
PREMIER SOUTH MINNEAPOLIS LOCATION JUST BLOCKS FROM THE LAKES! LARGE 1,315+ SQFT PULLMAN STYLE APARTMENTS WITH ALL THE CHARM OF 1910. ORIGINAL HARDWOOD FLOORS, LARGE BASEBOARD TRIM, BUILT-INS, & COVED CEILINGS. SIX OF THE SEVEN UNITS HAVE EXTRA SQUARE FOOTAGE W/ FRONT PORCHES HIGHLIGHTING THE EXPOSED BRICK. THE LOWER LEVEL GARDEN UNIT TAKES UP ROUGHLY 2/3’S OF THE FOUNDATION SIZE AND OFFERS THE RESIDENTS A VERY COOL UNIQUE HOME WITH THE PROPER EGRESS. THE CITY OF MINNEAPOLIS CERTIFICATE OF OCCUPANCY HAS IT AS A LEGAL LICENSED 7-UNIT. ALL BRICK EXTERIOR WITH STUCCO ON THE FRONT AND FIVE OFF-STREET PARKING SPACES FOR TENANTS. ALL UNITS HAVE BEEN UPDATED WITH NEWER GAS FIRED HOT WATER BOILERS SEPARATELY METERED FOR RESIDENTS TO PAY. CURRENTLY 6 OF THE 7 UNITS ARE RENTED WITH THE LAST UNIT LEFT OPEN FOR EASIER SHOWINGS. WOULD MAKE EITHER A GREAT CONDO CONVERSION OR TEAR DOWN AND BUILD A NEW DEVELOPMENT! CURRENT IN PLACE CAP RATE OF 7.53% **SELLER MAY FINANCE**
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Egress Window(s), Finished
Interior
Heating Boiler, Hot Water
Cooling Window Unit(s)
Fireplace No
Appliance Range, Refrigerator
Exterior
Garage Asphalt
Utilities Available Electric Separate, Heating Separate, Hot Water Common
Roof Type Age Over 8 Years,Flat
Present Use Residential
Parking Type Asphalt
Building
Story Three Or More
Foundation 2700
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Brick/Stone,Stucco
Schools
School District Minneapolis
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