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30064934
30064920

3146 Minnehaha Ave, Minneapolis, MN 55406 For Sale

DM
MN 40492260
MRG Realty Partners
MM
MN 40638018
MRG Realty Partners
JM
MN 40815639
MRG Realty Partners
Listed by MRG Realty Partners
$1,530,000
136 days on market
Updated 136 days ago

The Moline

Details
Property Type Multifamily
Sub Type Apartment Building
Units 17
Occupancy 100%
Class C
Year Built 1961
Year Renovated 2013
Buildings 1
Stories 3
Parking Spaces 15 spaces

Multifamily | 17 Units | $90,000/unit

Marketing description

The Moline Apartments, a 17-unit multifamily property made up of one-bedroom units. The building is enrolled in the Minneapolis 4D Program, providing meaningful property tax savings. The property also fully utilizes RUBS, allowing ownership to recapture utility expenses. With stable in-place income and the ability to continue pushing rents through light updates and operational improvements.

To Schedule a showing or for more info please reach out to MaryPat (406) 291-9103 or Jake (612)578-9413

Investment highlights

17-Unit Multifamily Property – All one-bedroom units

Minneapolis 4D Program - Significant Property Tax Savings

Fully Implemented RUBS - Ratio Utility Billing System allows ownership to recapture utility expenses and increase operational efficiency.

Value-Add Opportunity – Potential to increase rents through strategic unit updates and continued operational improvements.

Listing Contacts

DM
MN 40492260
MRG Realty Partners
MM
MN 40638018
MRG Realty Partners
JM
MN 40815639
MRG Realty Partners
Listed by MRG Realty Partners

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Additional Information

Name
Doug McNicoll
License
40492260
Brokerage
MRG Realty Partners
Name
MaryPat McNicoll
License
40638018
Brokerage
MRG Realty Partners LLC
Title
Investment Sales
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