For Sale: Minneapolis MLS# 6780092
Active
NEW!
$2,940,000
Commercial: 2 Stories
Built 1962
1 acres
Minneapolis schools
MLS# 6780092
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Property Description
This listing includes 5 apartment buildings, totaling 42 units, located at 3600 Fremont Ave N (16 units), 3501 Fremont Ave N (6 units), 3619 Fremont Ave N (5 units), 4134 Fremont Ave N (6 units) and 2407 West Broadway Ave (9 units). In total, the there are 5 Studios, 30 1BRs and 7 2BRs. There is a loan with a favorable interest rate, which can be assumed. The property on Broadway is in very close proximity to the planned Broadway station on the future LRT Blue Line expansion.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,940,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
2 Stories
Zip Code:
55412
Neighborhood/Area:
Folwell
Subdivision Name:
Walton Park
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
36
Air Conditioning:
Wall Unit(s)
Foundation Size:
10,000 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Boiler
- Hot Water
Parking Features:
- Paved
- Unassigned
Exterior Material:
Brick/Stone
Roof Details:
- Flat
- Pitched
Lot & Land
Acres:
1
Geolocation:
45.020606, -93.295233
Inclusions:
Building, Land, Leases
Lot Dimensions:
40X90
Addl Parcels:
1702924110097, 0402924430149
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$336,000
Tenant Expenses:
Electricity, Gas, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$57,808
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$57,808
Income
Annual Gross Income:
$533,000
Rent
Annual Net Income:
$197,000
Units
Total Units:
42
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Manarola LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.