421 6Th St Minneapolis, MN 55414
- Apartment buildings
- 7,149 SF
- 0.25 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 421 6Th St
- Year built
- 1900
- Lot size
- 0.25 lot acres
- Property size
- 7,149 SF
- Property type
- Apartment buildings
Description
This exceptional 7-unit apartment building, located at 421 6th Street SE in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a total of 7,149 square feet on a 0.25-acre lot, this property offers significant potential for strong returns. Each of the seven units has undergone a complete rehabilitation within the past few years, ensuring a high-quality living experience for tenants. Currently generating solid rental income, there's also room for future rent increases, maximizing profitability. The property benefits from its prime location in Southeast Minneapolis, just blocks from acclaimed restaurants and in close proximity to the University of Minnesota campus, providing a consistent and reliable student rental base. The recently renovated back parking lot provides ample parking for tenants, a highly desirable amenity. The building is situated in a peaceful neighborhood, offering residents a tranquil atmosphere while still being conveniently located to the vibrant city center. This fully stabilized property is ready for immediate income generation and offers a rare opportunity to acquire a well-maintained, high-demand multi-family investment in a thriving Minneapolis neighborhood. The asking price is $920,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.24724
- Latitude
- 44.98796
