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2504 17Th Ave Minneapolis, MN 55404

Sponsored
For Sale
$425,000

Six-unit apartment building, fully occupied.

Property size:
4,364 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment opportunity presents a six-unit apartment building located at 2504 17th Avenue S in Minneapolis, Minnesota. The property boasts a total of 4,364 square feet and sits on a 0.15-acre lot. The building comprises four spacious two-bedroom units, each featuring a familiar and comfortable layout, ideal for tenants seeking ample living space. In addition, there are two one-bedroom units located on the lower level. Currently, the building enjoys 100% occupancy, generating consistent rental income. While the property is fully functional, it presents a compelling value-add opportunity for a discerning investor. Some repairs are needed, allowing a new owner to enhance the property's value through targeted improvements and upgrades. The asking price for this well-located Minneapolis multifamily property is $425,000. This represents a strong potential return on investment for those seeking a hands-on approach to property management and enhancement. The property's strong occupancy rate and existing rental income stream provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-situated multifamily property in a thriving Minneapolis neighborhood with significant upside potential. Serious inquiries are encouraged.

Property Features for 2504 17Th Ave

General Information

Property type
Residential income properties
Square Feet
4,364 SF
Lot Size
6,534 SF

Building Details

Year Built
1924

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Hennepin
State
Minnesota
Longitude
-93.25023
Latitude
44.95701

FAQs

What type of property is this?
Residential income property - Six-unit apartment building, fully occupied.
Where is this residential income property located?
The property is located at 2504 17Th Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $425,000.
More about this property
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