$ 1,100,000
-
$1,100,000
Price -
14
Bed -
9
Bath -
0.29
Acre
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About the Listing 21265 - 502053092,506017231
Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer. All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units. New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs. Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original condition, providing a clear path to increased cash flow and value. Buyer and Buyer's Agent to verify square footage.
Listing Highlights
Interior Details
- Bedrooms: 14
- Bathrooms: 9 Full
- Appliances: Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other: Ceiling Fan(s),Deck,Kitchen Center Island,Main Floor Primary Bedroom,Multiple Phone Lines,Patio
- Water: City Water/Connected
Exterior Details
- Lot Description: Public Transit (w/in 6 blks),Chain Link
- Garage Capacity: N/A
- Lot Dimensions: 76x165
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years,Asphalt
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Off Site,Paved Lot
Financial Details
- Tax Amount: $22,011
- Taxes w/Assessments: N/A
- Tax/Property ID: 2402924320087
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
612 University Ave SE Minneapolis, MN 55414
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