MN > Minneapolis > Libbys Add
Minneapolis, MN 55406,2818 E 31st ST
Minneapolis, MN 55406,2818 E 31st ST
Minneapolis, MN 55406,2818 E 31st ST
Minneapolis, MN 55406,2818 E 31st ST
Minneapolis, MN 55406,2818 E 31st ST
Minneapolis, MN 55406,2818 E 31st ST
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Andrew Beitler, MBA

Andrew Beitler, MBA

+1(612) 432-3873
$ 699,000
Est. payment | /mo

4,356 Sqft Lot

Save
$ 699,000
Est. payment | /mo
Save

4,356 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Libbys Add

MLS Listing ID 6770334

Year Built 1960

Annual Tax Amount $11,052

Tax Year 2025

Contingent None

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 60X70

Property Sub-Type Apartment

Property Description

Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,245 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year.

Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at a 8.35 cap, with aggressive rents pushing it higher. Schedule your showing today, and scoop this cash flowing asset up before it's gone!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Baseboard, Boiler

Cooling Wall Unit(s)

Inclusions Building

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Common, Hot Water Common

Roof Type Asphalt

Present Use Residential

Building

Foundation 1960

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone,Stucco

Schools

School District Minneapolis

Listed by Michael Moe • Keller Williams Classic Rlty NW

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Andrew Beitler, MBA
Andrew Beitler, MBA

Agent | License ID: 40658950

+1(612) 432-3873

1350 Game Farm Cir, Minnetrista, MN, 55364

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