3200 BLOOMINGTON AVENUE
3200 Bloomington Avenue, Minneapolis, 55407, MN
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Price: $699,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Powderhorn Park
Bedrooms: 0
Property Size :5280
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Listing Agent: NST26013,NST226135
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Property type : Quadruplex
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Zip code: 55407
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Street: 3200 Bloomington Avenue
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Street: 3200 Bloomington Avenue
Bathrooms: N/A
Year: 1912
Listing Brokerage: MRG Realty Partners, LLC
DETAILS
This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building operate similar to a small condo building. This structure uniquely limits investor’s exposure to rising utility costs and gives tenants ownership of their utility usage. The property also includes an unfinished basement, providing additional storage options. With a separate entrance, it can easily be reserved for owner use if desired. Current rents are well below market rates, offering clear potential for increased income. The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside. Seller has completed lead mitigation and all docs will be made available to buyers for review. Property is being sold As-Is.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 5280 ft²
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: 5280ft²
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Basement Details: Block,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2640ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 60.00 X 76.30
Longitude: 44.9446
Latitude: -93.2528
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $10,855
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7644490
Listing Brokerage: MRG Realty Partners, LLC
ID: 3386696
Published: September 10, 2024
Last Update: September 10, 2024
Views: 16
