3116 EMERSON AVENUE

3116 Emerson Avenue, Minneapolis, 55411, MN

DETAILS

Commercial property with 6 units total. Great cash-flowing asset for an investor to add to their portfolio. Four residential units and two commercial spaces. Long term commercial and residential tenants. Partially finished basement currently being used for office and storage space for commercial tenants. Lot with plenty of parking behind the building. Current cash flow is $60,000 per year if rents brought up to market value could yield around $80,000.

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: N/A

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: N/A

  • Basement Details: ,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: N/A

  • Garage Spaces: N/A

  • Construction Materials: N/A

  • Foundation Size: 2553ft²

  • Unit Amenities:

  • Heating System:

    • Hot Water

LOT

  • Acres: N/A

  • Lot Size Dim.: 52x127

  • Longitude: 45.0128

  • Latitude: -93.294

  • Zoning: Business/Commercial

FINANCIAL & TAXES

  • Tax year: 2023

  • Tax annual amount: $5,246

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADITIONAL INFORMATION

  • MLS#: NST7601746

  • Listing Brokerage: Coldwell Banker Burnet Agency Icon

ID: 3035755
Published: June 11, 2024
Last Update: June 11, 2024
Views: 54