2818 E 31st Street, Minneapolis, MN 55406
sale
$699,000
|
Other
Courtesy Of Keller Williams Classic Realty Northwest
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year.
Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!
Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!
Read More About This Property
Read Less About This Property
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Floor Covering: Wood
- Heating System: Baseboard
- Legal Description: BLOCK 001 LIBBYS ADDN TO MPLS W 60 FT OF LOTS 5 AND 6
- MLSID: 6770334
- Roof Type: Asphalt
- Roof Type: Shingle
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$880,000
Other
1810 Portland Avenue
Minneapolis, MN 55404
Land: 0.16 Acres
Courtesy Of Keller Williams Premier Realty
sale
$875,000
Other
4546 Tyler Street NE
Columbia Heights, MN 55421
Land: 0.24 Acres
Courtesy Of National Realty Guild
sale
$845,000
Other
5035 3rd Street NE
Fridley, MN 55421
Land: 0.3 Acres
Courtesy Of National Realty Guild
sale
$825,000
Other
7429 E River Road NE
Fridley, MN 55432
Land: 0.8 Acres
Courtesy Of RE/MAX Advantage Plus