6141 NICOLLET AVENUE
6141 Nicollet Avenue, Minneapolis, 55419, MN
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Price: $1,745,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Windom
Bedrooms: 0
Property Size :0
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Listing Agent: NST27376,NST38915
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Property type : Apartment
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Zip code: 55419
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Street: 6141 Nicollet Avenue
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Street: 6141 Nicollet Avenue
Bathrooms: N/A
Year: 1958
Listing Brokerage: Apartment Cash Flow, Inc.
FEATURES
- Range
- Refrigerator
- Dishwasher
DETAILS
THE NICOLLET AVE APARTMENTS OFFERS INVESTORS A HIGHER RETURN FOR THEIR MONEY THEN MOST DEALS ON THE MARKET TODAY!! THE OWNER HAS CAREFULLY RENOVATED EVERY UNIT WITH NEWER KITCHENS, NEWER BATHROOMS, ALL NEW LIGHTING AND PLUMBING FIXTURES, NEW CARPET, REFINISHED ORIGINAL OAK HARDWOOD FLOORING, AND NEW TILE AND QUARTZ COUNTERTOPS!! EACH KITCHEN HAS ALSO RECEIVED A COMPLETE STAINLESS-STEEL APPLIANCE PACKAGE THAT INCLUDES FULL-SIZE DISHWASHERS. THE LAUNDRY MACHINES ARE LEASED THROUGH BDS ON A REVENUE SHARED PROGRAM AND OFFERS RESIDENTS AN ELECTRONIC PAYMENT SYSTEM. THE OWNER HAS ALSO INCREASED REVENUE SIGNIFICANTLY BY IMPLEMENTING A UTILITY REIMBURSEMENT PROGRAM THROUGH RUBS. THIS ASSET WILL CHANGE HANDS FULLY RENTED AND STABILIZED WITH MARKET RENTS AND LEASES RUNNING THROUGH THIS FALL AND INTO SPRING 2026. THE CURRENT IN PLACE CAP RATE OF 7.87% IS BASED ON A NET OPERATING INCOME $137,250+
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: 8 ft+ Pour, Finished, Full,
Appliances Included:
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- Range
- Refrigerator
- Dishwasher
EXTERIOR
Air Conditioning: Window Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 4000ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 80 x100
Longitude: 44.8912
Latitude: -93.2777
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2024
Tax annual amount: $22,595
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7725217
Listing Brokerage: Apartment Cash Flow, Inc.
ID: 3538587
Published: April 08, 2025
Last Update: April 08, 2025
Views: 3
