612 University Avenue SE,Minneapolis, MN 55414
Minneapolis, MN 55414
Description
Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer.All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units.New roof (2018), all-new HVAC systems (2023-2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs.Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in originalcondition, providing a clear path to increased cash flow and value.Buyer and Buyer's Agent to verify square footage.
Details
| MLS # | 7127269 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2000 |
| Days On Site | 14 |
| Listing Provided By | Fuze Real Estate | Adam Hunt |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 9 |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.29 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Appliances | Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances |
Exterior
| Roof | Age Over 8 Years, Asphalt |
|---|---|
| Construction Materials | Block, Concrete, Frame |
| Lot Features | Public Transit (w/in 6 blks) |
Parking
| Parking Features | Off Site, Paved Lot |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 22011 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | 50 |
| Community Name | Saint Anthony Falls |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Saint Anthony Falls) | |
Price: $1,100,000 low | high Med: $1 On site: 14 low | high Med: 53 | |
Market Activity 55414
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55414 |
| Area | 50 |
| Community Name | Saint Anthony Falls |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Saint Anthony Falls) | |
Price: $1,100,000 low | high Med: $1 On site: 14 low | high Med: 53 | |
