1804 16Th Ave Minneapolis, MN 55404
- Apartment buildings
- 6,585 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1804 16Th Ave
- Year built
- 1889
- Lot size
- 0.17 lot acres
- Property size
- 6,585 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.25204
- Latitude
- 44.96448
