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34335632
34337547

2719 Park Avenue, Minneapolis, MN 55407 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
$2,100,000
8 days on market
Updated 5 days ago
Opportunity zone

2719 Park Avenue

Details
Property Type Retail, Multifamily
Square Footage 17,460
Units 21
Cap Rate 6.49%
NOI $136,297
Occupancy 100%
Buildings 1
Acreage 0.430
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.17
Ground Lease No

Stabilized 21-Unit Apartment Community

Marketing description

Visit Listing Homepage Here: https://2719parkave.sharplaunch.com/

2719 Park is a fully stabilized classic multifamily apartment community consisting of 21 units, including twenty 1-bedroom units and one 2-bedroom unit. Located within Minneapolis' healthcare corridor, the property is adjacent to Abbott Northwestern Hospital, the Allina Health campus, and Children's Minnesota. The property is 100% occupied and features a RUBS (Ratio Utility Billing System) already in place, on-site laundry, and well-maintained unit interiors.

For more info and to schedule a property tour please reach out to Rocco Curella - (651) 398-0291

Investment highlights

Stabilized 21-Unit Community – 100% occupied with dependable cash flow.

RUBS Program in Place – Utility reimbursement supports stronger operating margins.

4D Tax Classification Potential – Opportunity for meaningful property tax savings.

Well-Maintained Interior – Excellent unit condition and common area spaces

Medical Hub Location - Located within Minneapolis' healthcare corridor, the property is adjacent to Abbott Northwestern Hospital, the Allina Health campus, and Children's Minnesota.

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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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,297.00
$11,358.08/mo

Valuation Metrics

0
DSCR
6.49%
Cap Rate
6.49%
ROI

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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
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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