$675,000
$664,900
1.5%For more information regarding the value of a property, please contact us for a free consultation.
13 Beds
4 Baths
7,920 SqFt
SOLD DATE : 02/04/2025
Key Details
Sold Price $675,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,920 sqft
Price per Sqft $85
Subdivision Williams Add
MLS Listing ID 6596769
Sold Date 02/04/25
Style (MF) Four Plex
Bedrooms 13
Year Built 1912
Annual Tax Amount $10,991
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 60.00 X 76.30
Property Description
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 similar to a small condo building.
Tenants pay their own Heat / Gas / Electric!
Lots of storage is available in the basement with a separate entrance in the back for convenient access.
Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat.
Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit.
The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.
Location
State MN
County Hennepin
Community Williams Add
Direction Cedar avenue south (Highway 77), Go West on E 32nd St, property is on South West corner of 32nd and Bloomington
Rooms
Basement Concrete Block
Interior
Heating Forced Air
Laundry In Unit
Exterior
Parking Features None
Roof Type Rubber
Accessibility None
Building
Water City Water/Connected
Architectural Style (MF) Four Plex
Structure Type Brick
Others
Senior Community No
Tax ID 0202824130018
Acceptable Financing Cash, Conventional, FHA, Other, Seller Will Carry
Listing Terms Cash, Conventional, FHA, Other, Seller Will Carry
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