1416-1422 California St NE Immeuble residentiel 8 lots 872 227 € (109 028 €/Lot) Taux de capitalisation 7,69 % Minneapolis, MN 55413

EIGHT UNITS with 2 bedrooms each. (Looks like Two four unit buildings) One PID with a driveway in between the two buildings make this a unique NE Gem on a quiet street. All tenants pay their own heat and electric. Each unit is 2 bedrooms, bathroom, living room, eat in kitchen. Rear parking lot is very large and holds 12 + cars. Coin operated laundry in basement. Recent improvements include wrapping front windows with aluminum on one building, wrapping cornices and fasica on the front of another building. Through the years, many windows have been replaced with Vinyl, some piano windows have been replaced with stained glass. Both buildings are fully occupied. All units have balconies facing the back parking lot. Very quiet street, close to arts district, restaurants and coffee shops. Current rental income is $ 106, 140 with highest rent at 1200, with increase to 1400 total income would be 134,400. All units have rear balconies for outdoor enjoyment. Certificate of occupancy inspection recently performed and all is well.