THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL !A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB.The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels.Loan assumption on a low interest rate loan of about one million is available.
MLS# | 6428729 |
---|---|
Listing Type | For Sale |
Style | Condominium |
Sub-Type | Resale |
Status | Active |
Year | 1902 |
Days On Site | 423 |
Listing Provided By | Bridge Realty, LLC | Steven Pierce |
SQ Feet | 8,000 |
---|---|
Car Port | Yes |
Basement | Y |
Story(s) | 2 |
Units | 6 |
Zoning | Residential-Multi-Family |
Acreage | 0.00 |
Property View | City Lights |
State | MN |
---|---|
County | Hennepin |
City | Minneapolis |
Zip Code | 55404 |
Area | Ventura Village |
Community Name | J S & W Elliots Add |
School District | 1 |
Listing VS Median (in J S & W Elliots Add) | |
Price: $1,995,000 low | high Med: $1,131,500 SqFt: 8,000 low | high Med: 5,490 $ / SqFt: $249 low | high Med: $170 On Site: 423 low | high Med: 226.000000 |