Listed By
Agency Name: Peritus Real Estate
Agency Phone: 612-554-7794
Shown By
Agent Name: Rob Arguello
Agent Phone: (507) 990-8989
Agency Title: Counselor Realty
Property Description
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income.This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow ? an attractive feature for investors seeking reliable returns.Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy.Additional upside potential exists through continued rent optimization and operational efficiencies.Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.
Property Features
Feature Descriptions
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3033 15th Avenue S, Minneapolis, MN 55407
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3033 15th Avenue S, Minneapolis, MN 55407
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3033 15th Avenue S | MLS# 7049047
This commercial property located at 3033 15th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $775,000. 15th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on rarguello.counselorrealtyofrochester.com today.