Property profile

2504 17Th Ave Minneapolis, MN 55404

OFF-MARKET
Apartment buildings
Property ID
US46-0448379
4,364 SF 0.15 ac lot Built 1924
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Property summary

AI-generated overview

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 profile

Verified
Property type Apartment buildings
Year built 1924
Total area 4,364 SF
Lot 0.15 ac (6,534 SF)
UPID US46-0448379

Cap rate & NOI

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

Location

2504 17Th Ave Minneapolis, MN 55404
Minneapolis metro
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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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