$379,500

320 W 33rd Street

Minneapolis MN, 55408

Description

Pride in ownership on this one - very well cared for & extensively updated Mixed-use - 3 units total - 2 residential units both 1/1, 726ft2 - rented $800/m2m & 1100ft2 - just fully renovated, vacant. Market rent $1400-1600. Both units have electric heat. Upper unit has additional mini-split a/c & heat. Commercial/retail unit 1000ft2 - currently convenient store rented $800/m2m; well below market rent. Updates to whole property include new plumbing, all new electrical/panels. Total exterior just resided with vinyl, new roof/soffit/fascia, new windows throughout, 2 car garage with new door & siding. Upper unit - total remodel just completed. Great location, solid income producing property w/ split utilities including water - very rare - just needs 2 water meters to complete 3-way split of water; will cost about $1k. This property has been extensively updated with high end materials & permits pulled - fantastic value to this area; 8%+ cap rate!

Details

MLS#5671199
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site18

Features

Market Activity 55408

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Area Information
StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Listing VS Median (in 55408)
Price:
$379,500
low | high
Med:
$315,000
66.99604743083% of Average
On Site:
18
low | high
Med:
58
31.034482758621% of Average
Listing Updated: 10/08/2020
Reid Lenz LogoMLS Number: 5671199
Listing Provided By:
Reid Lenz  of  Verde Real Estate Group

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