Listed by Metro Group Real Estate
$1,499,900
3322 Blaisdell Avenue
Details
APN 03-028-24-24-0073
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,200
Net Rentable (SqFt) 10,200
Units 14
Beds 14
Cap Rate 6.25%
NOI $93,810
Occupancy 100%
Tenancy Multi
Price per SqFt $147
Class C
Year Built 1939
Buildings 1
Stories 2
Acreage 0.177
Zoning UN2 / Urban Neighborhd Dist
Parking Spaces 15 spaces
Parking per 1,000 SqFt 1.47
Investment Type Stabilized
Multifamily | 14 Units | $107,136/unit
Marketing description
Professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street". Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio! No need to get financing, Buyer can assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031.
Investment highlights
- Six One-Bedroom Units and Eight Studio Units
- 100% Occupied
- Units have been Remodeled
- Very Clean Building
- Convenient, High Visibility Location
- Assumption Available with 3.46% Interest Rate until February 2031
Listing Contacts
Listed by Metro Group Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$93,810.00
$7,817.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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