3720 Minnehaha Ave
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3720 Minnehaha Ave Immeuble residentiel 17 lots À vendre Minneapolis, MN 55406
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Comprehensive renovations include new roof, windows, common area upgrades, new parking lot, and over $40,000 per unit in interior improvements
- Desirable Unit Mix – Five 1BR and twelve 2BR units averaging 733 SF, catering to a broad tenant base
- Attractive Long-Term Hold – Low-maintenance investment in a well established residential area with limited competing product at this quality level
- Strong In-Place Yield – Average rents of $1,393 per unit with stabilized occupancy and minimal deferred maintenance
- Prime Neighborhood Location – Located in the vibrant Howe neighborhood, steps from local dining, coffee shops, parks, and public transit
RÉSUMÉ ANALYTIQUE
Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale Minnehaha Avenue Apartments.
Minnehaha Avenue Apartments is a fully renovated, 17-unit multifamily asset located in the highly desirable Howe neighborhood of Minneapolis. Originally constructed in 1963, the property comprises a balanced unit mix of five one-bedroom and twelve two-bedroom residences, averaging 733 square feet. Current rents average $1,393 per month, offering a strong in-place yield and consistent income stream for investors.
This turnkey investment opportunity has undergone comprehensive renovations, including a new roof, new windows, upgraded common areas, a newly paved parking lot, and over $40,000 in improvements per unit. Finishes are well above market average, positioning the property as one of the highest-quality rental options in its submarket. Situated on a 0.28-acre parcel with 12 surface parking spaces, the building combines efficient design with timeless midcentury architecture. The thoughtful upgrades and stabilized rent roll make this an attractive, low-maintenance asset with long-term upside potential.
Residents benefit from a quiet, community-centric location near local favorites such as The Howe Daily Kitchen & Bar, Standish Café, and Atuvava Bakery. The property’s location within a well-established and walkable residential pocket adds further appeal for both tenants and investors.
Minnehaha Avenue Apartments is a fully renovated, 17-unit multifamily asset located in the highly desirable Howe neighborhood of Minneapolis. Originally constructed in 1963, the property comprises a balanced unit mix of five one-bedroom and twelve two-bedroom residences, averaging 733 square feet. Current rents average $1,393 per month, offering a strong in-place yield and consistent income stream for investors.
This turnkey investment opportunity has undergone comprehensive renovations, including a new roof, new windows, upgraded common areas, a newly paved parking lot, and over $40,000 in improvements per unit. Finishes are well above market average, positioning the property as one of the highest-quality rental options in its submarket. Situated on a 0.28-acre parcel with 12 surface parking spaces, the building combines efficient design with timeless midcentury architecture. The thoughtful upgrades and stabilized rent roll make this an attractive, low-maintenance asset with long-term upside potential.
Residents benefit from a quiet, community-centric location near local favorites such as The Howe Daily Kitchen & Bar, Standish Café, and Atuvava Bakery. The property’s location within a well-established and walkable residential pocket adds further appeal for both tenants and investors.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 0,11 ha |
| Nb de lots | 17 | Surface de l’immeuble | 1 052 m² |
| Type de bien | Immeuble residentiel | Nb d’étages | 2 |
| Sous-type de bien | Appartement | Année de construction | 1963 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 0,1/1 000 m² |
| Classe d’immeuble | C | ||
| Zonage | R5 | ||
| Type de vente | Investissement |
| Nb de lots | 17 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,11 ha |
| Surface de l’immeuble | 1 052 m² |
| Nb d’étages | 2 |
| Année de construction | 1963 |
| Ratio de stationnement | 0,1/1 000 m² |
| Zonage | R5 |
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 5 | - | 54 |
| 2+1 | 12 | - | 74 |
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Walk Score®
Très praticable à pied (71)
Bike Score®
Un paradis pour les cyclistes (99)
TAXES FONCIÈRES
| Numéro de parcelle | 06-028-23-33-0135 | Évaluation des aménagements | 1 798 339 € |
| Évaluation du terrain | 168 102 € | Évaluation totale | 1 966 440 € |
TAXES FONCIÈRES
Numéro de parcelle
06-028-23-33-0135
Évaluation du terrain
168 102 €
Évaluation des aménagements
1 798 339 €
Évaluation totale
1 966 440 €
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3720 Minnehaha Ave
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