4101 42ND AVENUE
4101 42nd Avenue, Minneapolis, 55406, MN
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Price: $625,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Hiawatha
Bedrooms: 0
Property Size :0
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Listing Agent: NST1000585,NST102374
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Property type : Mixed Use,Business
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Zip code: 55406
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Street: 4101 42nd Avenue
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Street: 4101 42nd Avenue
Bathrooms: N/A
Year: 1906
Listing Brokerage: Realty Group, LLC
FEATURES
- Range
- Refrigerator
DETAILS
Great Longfellow location, 6 blocks from the river and 6 blocks to Minnehaha Parkway. This mixed use commercial building is very versatile and contains a rare commodity - a cash-flowing laundromat ! In addition to the laundromat, the total 3500 finished square feet also contains one other retail store front with a long-term tenant (a tattoo parlor), and two residential apartments. One upper unit is a 3 bedroom apartment rented below market rate, the other apartment a 1 bedroom. The laundromat equipment is valued at an additional $ 60,000 financed separately from the building, and the laundromat brings in about $ 65,000 gross annual income. Other tenants mostly pay their own utilities, except water/sewer/trash is divided between the laundry/3 bedroom part of building; and the tattoo /1 bedroom portion. The rubber roof and electric service/panel on lower side of bldg. were replaced in 2021& 2023.
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: Full, Unfinished,
Appliances Included:
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- Range
- Refrigerator
EXTERIOR
Air Conditioning: Central Air
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 1400ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 32x127
Longitude: 44.9287
Latitude: -93.2124
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $15,012
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7349096
Listing Brokerage: Realty Group, LLC
ID: 2915731
Published: May 07, 2024
Last Update: May 07, 2024
Views: 10
