2818 E 31st Street, Minneapolis, MN 55406

• 5,050 sqft

Property Description

Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!

Listing Status:

Active

Listing Office:

Keller Williams Classic Rlty NW : 763-463-7500

MLS ID:

6770334

Interior

• Appliances: RangeRefrigerator
• A/C: Wall Unit(s)
• Heating: BaseboardBoiler

Exterior

• Parking: Parking Lot

Construction

• Roofing: Asphalt

Location

• HOA Amenities: Coin-op Laundry Leased
• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Zoning: 0102824110053
• Current Use: Residential

Utilities

• Utilities: Electric SeparateHeating CommonHot Water Common
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar

This listing courtesy of Keller Williams Classic Rlty NW