$ 500,000
-
$500,000
Price -
6
Bed -
6
Bath -
4,992
SqFt -
0.15
Acre
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About the Listing 5011 - 502024085,502014870,502023252
Turnkey investment with upside potential! This cash-flowing 5+ unit apartment building delivers reliable income with historically low vacancy and strong rental demand in the area. All units are 1-bedrooms that have been updated with modern kitchens, bathrooms, and flooring—reducing maintenance costs and attracting quality tenants. A flexible studio in the basement provides additional opportunity: it was previously part of a 2BR/2BA unit and, with city approval, could become a 6th legal unit to further increase returns. Recent capital improvements include a new water heater, newer boiler, and surface parking for tenants in the back. Seller will contribute 1% towards a buyer’s interest rate buy-down with an acceptable offer—enhancing your cash flow from day one!
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Range, Refrigerator
- Air Cond: Wall Unit(s)
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x127
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Open
Financial Details
- Tax Amount: $8,043
- Taxes w/Assessments: N/A
- Tax/Property ID: 0902924130061
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3311 Fremont Ave N Minneapolis, MN 55412
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