Stunning building with a unique opportunity. This building is a fully furnished short term rental cash cow. Sale includes unit furnishings, current and future rental agreements, website and reviews. Property already has separate PIDs for each unit for future redevelopment! Please do not walk the property with out an appt all units are currently rented.
- Price:
- $975,000
- Bedrooms:
- 11
- Square Footage:
- 4,184
- Acreage:
- 0.21
- Year Built:
- 1912
- Listing ID #:
- NST6233770
- Street Address:
- 3050 18th Ave S
- City:
- Minneapolis
- State:
- Minnesota
- Postal Code:
- 55407
- County:
- Hennepin
- Subdivision:
- Cic 1812 Huckleberry Condo
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 1
- Construction Type:
- Brick/Stone
- Number Of Units:
- 6
- Total Building Square Footage:
- 4184
- Year Built:
- 1912
- Annual Electric Expenses:
- 4600
- Annual Maintenance Expenses:
- 18057
- Annual Water/Sewer Expenses:
- 5977
- Gross Income:
- 81211
- Net Operating Income:
- 131679
- Existing Land Use:
- Hotel/Motel, Residential
- Lot Measurement Type:
- Acres
- Zoning Description:
- Residential-Multi-Family
- Association Amenities:
- Patio
- Days On Market:
- 260
- Included In Sale:
- Building, Business, Fixture/Equipment, Land, Leases, Other, Rental License
- Originating Mls:
- Northstar
- Property Taxes:
- $8,896
- Tax Year:
- 2022
- Garage Parking Spaces:
- 4
- Parking Description:
- Detached
- Appliances:
- Dishwasher, Range, Refrigerator
- Cooling System:
- Window Unit(s)
- Existing Water:
- City Water/Connected
- Heating:
- Baseboard
- Sewage Type:
- City Sewer/Connected
- Utilities:
- Electric Separate, Heating Common
- Unit 1 Square Footage:
- 650
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Total Bedrooms:
- 1
- Unit 2 Square Footage:
- 750
- Unit 2 Total Bathrooms:
- 1
- Unit 2 Total Bedrooms:
- 2
- Unit 3 Square Footage:
- 750
- Unit 3 Total Bathrooms:
- 1
- Unit 3 Total Bedrooms:
- 2
- Unit 4 Square Footage:
- 750
- Unit 4 Total Bathrooms:
- 1
- Unit 4 Total Bedrooms:
- 2
- Unit 5 Square Footage:
- 750
- Unit 5 Total Bathrooms:
- 1
- Unit 5 Total Bedrooms:
- 2
- Unit 6 Square Footage:
- 750
- Unit 6 Total Bathrooms:
- 1
- Unit 6 Total Bedrooms:
- 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Coldwell Banker Realty
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