2735 ALDRICH AVENUE
2735 Aldrich Avenue, Minneapolis, 55408, MN
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Price: $1,400,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Lowry Hill East
Bedrooms: 0
Property Size :0
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Listing Agent: NST25758,NST102015
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Property type : Apartment
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Zip code: 55408
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Street: 2735 Aldrich Avenue
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Street: 2735 Aldrich Avenue
Bathrooms: N/A
Year: 1920
Listing Brokerage: Fox Homes
FEATURES
- Range
- Refrigerator
- Washer
- Dryer
- Freezer
- Gas Water Heater
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Egress Window(s), Finished, Full, Partially Finished, Shared Access,
Appliances Included:
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- Range
- Refrigerator
- Washer
- Dryer
- Freezer
- Gas Water Heater
EXTERIOR
Air Conditioning: Window Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2816ft²
Unit Amenities:
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- Kitchen Window
- Deck
- Natural Woodwork
- Hardwood Floors
- City View
- Ethernet Wired
- Tile Floors
Heating System:
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- Radiant
- Boiler
LOT
Acres: N/A
Lot Size Dim.: 50x119
Longitude: 44.9527
Latitude: -93.289
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $24,137
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7698249
Listing Brokerage: Fox Homes
ID: 3500713
Published: February 07, 2025
Last Update: February 07, 2025
Views: 2
