Listed By
Agency Name: Keller Williams Classic Rlty NW
Agency Phone: 763-463-7500
Shown By
Agent Name: The Miller Group
Agent Phone: (763) 286-2900
Agency Title: Counselor Realty
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 $7,400 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 over an 8 cap, with aggressive rents pushing it higher. Schedule your showing today, and add this cash flowing asset to your portfolio!
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2818 E 31st Street, Minneapolis, MN 55406
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2818 E 31st Street, Minneapolis, MN 55406
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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2818 E 31st Street | MLS# 6770334
This commercial property located at 2818 E 31st Street, Minneapolis, MN 55406 is currently listed for sale with an asking price of $699,000. E 31st Street is located within the Minneapolis school district. Search Minneapolis real estate on www.gaylemiller.realtor today.