$415,000
$425,000
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3316 3rd AVE S Minneapolis, MN 55408
2,714 SqFt
Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,714 sqft
Price per Sqft $152
Subdivision Bakers 2Nd Add
MLS Listing ID 6356113
Sold Date 07/21/23
Year Built 1901
Annual Tax Amount $5,436
Tax Year 2022
Contingent None
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45 X 128
Property Description
Here is a great opportunity to own a great duplex with huge cash flow potential. The owner will have the building vacated prior to closing but he has rented each bedroom individually in the past and the building once took in $4,875 in rent each month. (former rent roll and financials available) *The building has a new roof, roof sheathing, and one new boiler. The kitchens and appliances were replaced in 2019. The units were painted last year. *The other boiler was replaced in 2016 and some of the windows and window inserts have been replaced in the last five years. *The TISH is clean and the unit boasts hardwood floors and modern bathrooms. *There is potential to expand and finish the attic. * There is potential to finish the basement which has a bathroom roughed in.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Partially Finished
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Open
Roof Type Age 8 Years or Less
Building
Story Two
Foundation 1206
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Aluminum Siding
New Construction false
Schools
School District Minneapolis
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