Property profile

1804 16Th Ave Minneapolis, MN 55404

OFF-MARKET
Apartment buildings
Property ID
US46-0879570
6,585 SF 0.17 ac lot Built 1889
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Property summary

AI-generated overview

This exceptional investment opportunity presents a five-unit apartment building located at 1804 16th Avenue S in Minneapolis, Minnesota. The property sits on a 0.17-acre lot and boasts a substantial 6,585 square feet of living space. Each of the five units features four bedrooms, providing a total of twenty bedrooms across the entire building. This configuration presents a significant advantage for investors seeking high occupancy rates and strong rental income potential within the Minneapolis market. The building's layout and size are ideal for generating substantial cash flow. The asking price for this property is $800,000. Given the current market conditions and the property's characteristics, this represents a compelling investment opportunity for discerning buyers. Serious inquiries are encouraged, and at least 24 hours' notice is required for all showings to allow for proper scheduling and coordination. This property is offered as-is. Financial statements and further details are available upon request, subject to a non-disclosure agreement. Don't miss this chance to acquire a well-positioned, income-producing asset in a thriving Minneapolis neighborhood.

Property profile

Verified
Property type Apartment buildings
Year built 1889
Total area 6,585 SF
Lot 0.17 ac (7,405 SF)
UPID US46-0879570

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1804 16Th Ave Minneapolis, MN 55404
Minneapolis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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