2705 Columbus Ave Minneapolis, MN 55407

Property Details for 2705 Columbus Ave

Year built

2023

Lot size

0.36 lot acres

Property size

26,402 SF

Property type

Apartment buildings

Description

This exceptional 27-unit apartment building, completed in August 2023 and boasting 100% occupancy, presents a compelling investment opportunity. Located in Minneapolis, MN, at 2705 Columbus Ave S, this three-story, Class B building offers a mix of studio, one-, and two-bedroom units, ranging from 443 to 1,056 square feet, with an average of 647 square feet. The property features modern finishes including keyless entry, in-unit washer/dryers, mood lighting, and soft-close cabinets. Residents enjoy 18 indoor heated parking spaces, 14 bike spaces, an Amazon locker system, high-speed Wi-Fi, and enhanced security with keyless entry doors and 41 security cameras. The building's prime location, just a block from Abbott Northwestern Hospital and Allina Health Minneapolis Heart Institute, and within close proximity to Midtown Global Market, Midtown Greenway, and several educational and institutional facilities, ensures high demand and strong rental income. The 0.36-acre lot is zoned OR2. The asking price is $6,250,000, representing a price per unit of $231,481.48. This stabilized, new construction investment offers a rare opportunity to acquire a high-performing asset in a thriving Minneapolis neighborhood. The building's amenities and location combine to create a highly desirable living experience, ensuring continued strong occupancy rates and a robust return on investment. Level one includes three handicap-accessible walk-up units, while levels two and three each house twelve units, with five units on level two featuring private balconies.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Longitude

-93.2639

Latitude

44.9535