2504 17Th Ave Minneapolis, MN 55404
- Apartment buildings
- 4,364 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 2504 17Th Ave
- Year built
- 1924
- Lot size
- 0.15 lot acres
- Property size
- 4,364 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.25023
- Latitude
- 44.95701
