$ 820,000
2201 5th AVE S Minneapolis, MN 55404
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 820,000
Est. payment /mo
Pending
2201 5th AVE S Minneapolis, MN 55404
6,448 Acres Lot
UPDATED:
11/18/2024 02:31 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Howards Add
MLS Listing ID 6627650
Year Built 1929
Annual Tax Amount $11,453
Tax Year 2024
Contingent None
Lot Size 6448.000 Acres
Acres 6448.0
Lot Dimensions 52x124
Property Description
Investment opportunity in Phillips West! This 10-unit building features a mix of one-bedroom and two-bedroom units, with convenient on-site parking. Recent updates include a freshly painted exterior and other exterior improvements, while 70% of the units have been renovated, offering room for further upgrades and rent growth. Located near major highways, public transportation, and popular Minneapolis destinations, this property provides strong rental demand and significant potential for income growth. Don’t miss the chance to capitalize on this value-add investment opportunity.
Location
State MN
County Hennepin
Zoning Business/Commercial
Interior
Heating Hot Water
Inclusions Rental License
Fireplace No
Exterior
Parking Features Open
Utilities Available Heating Separate
Present Use Residential
Building
Foundation 2485
Sewer City Sewer - In Street
Water City Water/Connected
Structure Type Stucco
Schools
School District Minneapolis
Listed by James Faillettaz • Coldwell Banker Realty
