2637 PLEASANT AVE S
ATTRACTIVE 21-UNIT WITH A NICE MIX OF STUDIOS, 1-BD'S & 2-BD'S, LOTS OF UPGRADES INCLUDING WINDOWS!
Marketing description
Introducing 2637 PLEASANT AVE, a charming 21-unit multi-family property in the heart of Minneapolis. This attractive asset boasts a mix of two spacious two-bedroom units, fifteen cozy one-bedroom units, and four functional studios. With close proximity to MCAD, Minneapolis Institute of Arts, and Whittier Park, this location offers convenience and a vibrant neighborhood. Renovations include updated bathrooms and kitchens with stainless steel appliances, newer windows, energy-efficient boilers, coin-operated laundry facilities, and luxury vinyl plank flooring throughout. The property's financials show promising income and expenses, making it an appealing investment opportunity. Don't miss the chance to own this well-maintained three-story garden-style complex built in 1966, complete with off-street parking. Whether you're looking for a solid rental property or a value-add investment, 2637 PLEASANT AVE in Minneapolis is a must-see offering potential and a prime location.
Investment highlights
Attractive 21-unit in the highly sought after Whittier Park neighborhood of Minneapolis, Minnesota. All brick and stucco exterior built in 1966 with great curb appeal. The unit mix features two well appointed 2-bedrooms, fifteen large 1-bedrooms, and four studios. Most of the apartments have been renovated including newer kitchens, bathrooms, luxury vinyl plank flooring, lighting fixtures, and updated appliance packages. The property has newer double pane vinyl replacement windows, two energy efficient hot water boilers, and newer coin operated laundry machines. Close proximity to the Minneapolis College of Art & Design (MCAD), Mpls. Institute of Arts Museum, and downtown Minneapolis. Proforma NOI $187,179 with a cap rate 7.42%.
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