$850,000

956 19th Avenue NEMinneapolis, MN 55418

Type: Multi-Family

3 Units

Description

Exceptional Turnkey, practically newly constructed, cash flowing Triplex, just walking distance to some of the best restaurants and entertainment in the arts district of Northeast Minneapolis with a potential 8 cap rate! Each unit features open floor plans, kitchen islands, granite countertops, stainless steel appliances, tiled backsplashes, in-unit laundry, 2 baths, and many more! This Triplex would be perfect for an owner occupant and or investor considering the low maintenance of a newer building, split utilities, and excellent cash flow! Book your showing today!

MLS ID: 6392430

Directions: From Central Ave, go East on 19th Ave NE, property is on the right.

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Property Details

Essential Details

MLS #: 6392430

Listing courtesy of: RE/MAX Results

Price: $850,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 3

Annual Gross Income: $85,500

Annual Misc. Income: $1,500

Monthly Misc. Income: $125

Annual Gross Expense: $0

Annual Insurance Expense: $2,330

Tenant Pays: All Utilities

Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes

Parking Features: Unassigned

Garage Dimensions: 22x12

Garage SqFt: 264

Garage Spaces: 1

Building Details

Owner Occupied: No

Finished SqFt Total: 3,996

Finished Above Grade: 3,996

Fireplace: No

Construction Materials: Vinyl Siding

AccessibilityFeatures: None

Roof: Age 8 Years or Less

Heating: Forced Air

Electric: Circuit Breakers

Style: Triplex

Foundation Area: 1,465

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Three

Number of Refrigerators: Three

Lot Details

Complex/Dev/Sub Name: Provos Add

Lot Dimensions: 33x175

Fence: None

Road Frontage: City Street

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 12

Survey Township: 29

Taxes

Tax Year: 2023

Tax Amount: $9,660

Assessment Pending: Unknown

Taxes w/Assessments: $9,660

This listing was last updated by RE/MAX Results on 8/28/2023 at 10:27 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 12/4/2024 2:45 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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