Property Listing
Description
This stunning, nearly new multi-family building constructed in 2022 offers 18 bedrooms and 15 bathrooms across 6 units, delivering exceptional cash flow. Each unit features beautiful cabinetry, premium appliances, quartz countertops, and convenient kitchen center islands. You'll also find front-load washer and dryer sets in every unit, plus private balconies for enjoying fresh air and views. The tasteful, modern design flows seamlessly throughout with high-quality finishes, including tiled bathroom floors and showers. Located just one block from the prestigious Minneapolis College of Art and Design (MCAD), this property is perfectly positioned for student housing, young professionals, or long-term tenants. The previous tenant for 4 years rented the entire building for $15,000 per month (tenant paid all utilities and exterior maintenance), with the current lease ending at the end of April 2026. Units are actively leasing up, with projected total rents exceeding $15,500 per month. Built in 2022, the property requires minimal maintenance or repairs. This is a rare opportunity to own a new modern, income-producing asset that cannot be easily recreated. Schedule your showing today and take advantage of this fabulous cash-flow opportunity!
Property Information
Status: Active
Sub Type: ********
List Price: $1,999,900
MLS#: 7045824
Current Price: $1,999,900
Address: 2413 1st Avenue S, Minneapolis, MN 55404
City: Minneapolis
State: MN
Postal Code: 55404
Geo Lat: 44.958665
Geo Lon: -93.276198
Subdivision: Belleview Add
County: Hennepin
Property Description
Year Built: 2022
Lot Size SqFt: 6098.4
Gen Tax: 22805
Specials Inst: 0
High School: Minneapolis
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Total SqFt.: ********
Style: ********
Total Bedrooms: 18
Total Bathrooms: 15
Total Full Baths: ********
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Garage Stalls: 0
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