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2735 Aldrich AVE S Minneapolis, MN 55408

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Penneys Sub 13 Russells Outlot

MLS Listing ID 6658670

Year Built 1920

Annual Tax Amount $24,137

Tax Year 2024

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x119

Property Sub-Type Apartment

Property Description

Fantastic location and completely renovated 8-unit building in the heart of uptown, Minneapolis.
This wonderfully located 8 unit building recently completed a major renovation - including adding significant finished living space, all new kitchens and bathrooms, new & refinished floors, appliances, new roof, new plumbing and electrical throughout, fresh paint, trim and fixtures. The renovation wonderfully mixes the old charm and character of the original building with fresh updates throughout that will attract tenants and keep repair and maintenance expenses low.

Annual gross income is $151,200. Cap rate is above market at 8.4%.

Will consider seller financing!!

Unit breakdown: 1BR+1 BA (4x). 2 BR+1 BA (2x). 3BR+ 2BA. 4BR+ 2BA. Two units are fully furnished and operating as STRs and mid-term rentals.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Egress Window(s), Finished, Full, Partially Finished, Shared Access

Interior

Heating Boiler, Radiant

Cooling Window Unit(s)

Inclusions Building, Fixture/Equipment, Land, Leases, Rental License

Fireplace No

Appliance Dryer, Freezer, Gas Water Heater, Range, Refrigerator, Washer

Exterior

Parking Features Assigned, Asphalt, Paved, Open

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Flat

Present Use Residential

Building

Story Two

Foundation 2816

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District Minneapolis

Listed by Matt Boys • Fox Realty

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2735 Aldrich AVE S Minneapolis, MN 55408

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2735 Aldrich AVE S