$2,185,000
MLS# 6401571
Status: Closed
1 / 25
Property Description
Great cash flow opportunity. Value add. Distressed sale. 16 - 2 bed units, 17 - 1 bed units. Currently 50% vacancy. Assumable debt that matures in 2038 at a 4.9% interest rate. Bring us an offer! AS IS.
Details
Contract Information
Digitally Altered Photos: No
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2023-07-24
Current Price: $2,185,000
Closed Date: 2023-08-10
Sales Close Price: 2185000
ListPrice: 2625000
List Date: 2023-07-13
Office/Member Info
Association: MAAR
MLSID: RMLS
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 0
Year Built: 1963
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 198x125
Acres: 0.57
Foundation Size: 10479
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
Rental License?: Yes
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3608
Property ID Number: 0402924430086
Tax Year: 2022
Tax Amount: 6398
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great cash flow opportunity. Value add. Distressed sale. 16 - 2 bed units, 17 - 1 bed units. Currently 50% vacancy. Assumable debt that matures in 2038 at a 4.9% interest rate. Bring us an offer! AS IS.
Directions: S on Victory Memorial, E on N Dowling Ave, S on Girard to property.
Accessible
None: 1
Additional Parcels Information
Property ID #2: 0402924430085
Assessments
Assessment Balance: 0
Tax With Assessments: 6398
Building Information
Building Finished SqFt: 20998
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Financing Terms
Cash: 1
Fuel
Natural Gas: 1
Heating
Hot Water: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Public Survey Info
Range#: 24
Section#: 04
Township#: 29
Rental License Type
Standard: 1
Road Frontage
City Street: 1
Roof
Tar/Gravel: 1
Sale Options
Sale Includes: Building, Business, Land, Leases
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
No. of 1 Bedroom Units: 17
Unit Details
Total Units: 34
Water
City Water/Connected: 1
Tenant Pays
Electricity: 1
Unit 2
No. of 2 Bedroom Units: 16
On Site Utilities
None Available: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
FHA: 1
Other: 1
Unit Information
No. of Efficiency Units: 1
Location Tax and Other Information
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Walton Park
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Financing Terms: Cash
Fuel: Natural Gas
Heating: Hot Water
Loan Terms: Cash; Conventional; FHA; Other
On Site Utilities: None Available
Parking Characteristics: Paved Lot
Rental License Type: Standard
Road Frontage: City Street
Roof: Tar/Gravel
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity
Water: City Water/Connected
Listing Office: RE/MAX Results
Last Updated: June - 08 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.