$1,196,000

707 SE 5th Street SE, Minneapolis, MN 55414

11,442 sqft

Commercial Property
Built in 1924
0.25acre lot
6 car garage
$105/sqft
Listed 6 months ago

Property Description

707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters. Property Manager lives on site.

Listing Status:: Active
Listing Office:: Metro Group Real Estate : 952-445-5970
MLS ID:: 6735952

Appliances: RangeRefrigerator
Flooring: CarpetWood
A/C: Window Unit(s)
Heating: Boiler

Parking: Parking Lot

Roofing: Age Over 8 YearsRubber
General: Two

Road/Access: Paved StreetsSidewalksStreet Lights
Originating MLS: northstar
School District: Minneapolis
County: Hennepin

Topography: Level
Zoning: 2402924230045
Fencing: None
Current Use: Residential

Utilities: Electric SeparateHeating CommonHot Water Common
Water: City Water - In Street
Sewer: City Sewer - In Street

Source: northstar

This listing courtesy of Metro Group Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.30 miles away

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.30 miles away

Mps Metro Ha

425 5th St NE, Minneapolis, MN, 55413

Grades KG-12

0.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.