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2014 25th AVE N Minneapolis, MN 55411
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Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,058 sqft
Price per Sqft $143
Subdivision Forest Heights
MLS Listing ID 6262359
Sold Date 01/25/23
Year Built 1902
Annual Tax Amount $2,487
Tax Year 2022
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 48.19 X 125
Property Description
Get ready to cash flow with your newest investment! This Minneapolis triplex has three units. #1 is a 3/1 downstairs and #2 & #3 are 1/1s upstairs. #1 and #2 are vacant and have been beautifully renovated with brand new LVP, carpet, light fixtures, cabinets, appliances, doors, countertops, toilets, sinks, vanities, and fresh paint. #3 had new LVP and fresh paint last summer. Building was previously acquired with current tenants and rents far below market value with units in need of updating. Estimated current market rents for updated units are #1 $1500, #2 $1050, #3 $975. This would also be a great opportunity to owner-occupy the lower unit and rent out the upper units!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Open
Building
Story Two
Foundation 1029
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco,Wood Siding
New Construction false
Schools
School District Minneapolis
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