2511 1st Ave S, Minneapolis, MN 55404

10 Bedrooms / 6 Baths / Multiple Family

For Sale: $665,000.00

Available (Wholesale)

Contact Info

Xceptional Investments, Inc.
 (612) 408-6744

View On Property Owner's Website

This property is brought to you by:
Minnesota Real Estate Investors Association, Inc.

Off-Market 4 Plex in Whittier Area of Minneapolis

Oversized 4 plex with a non-conforming 5th unit in basement that has a bathroom, kitchen, and living area (would need to be rezoned into a 5 unit). Upper units are both two levels. Each unit has a loft, spiral staircase, and vaulted ceilings with skylights. One is 4 bedroom, 2 bathroom (approx. 1,800 sqft) and the other is 5 bedroom, 2 bathroom (approx. 2,000 sqft). Both lower units are 3 bedroom/1 bathroom (approx. 1,200 sqft). All four units have built-in buffets. Property has newer siding in good condition. Also features 4 separate boilers and 4 separate gas and electric meters. Mechanicals were updated within the past 5-8 years and roof was replaced about 5 years ago. Property also includes 8 off-street parking spaces. Currently, 5 bedroom unit has a tenant paying $1,700/month. That unit could use some updating, but didn’t make sense to move them out when they’re already paying that much as-is. The lower unit under that one is paying $1,300/month. That one is in normal rental condition. The other two units are being renovated and will rent for $2,000/month and $1,600/month. For more off-market properties, visit xceptionalinvestments.com/govip

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