$740,000

509 6th Street SEMinneapolis, MN 55414

Type: Multi-Family

3 Units

Description

THIS TRIPLEX IS A RARE FIND WITH POTENTIAL TO INCREASE RENTAL INCOME WITHIN THE MARCY-HOLMES NEIGHBORHOOD - A POPULAR UNIVERSITY OF MINNESOTA OFF-CAMPUS HOUSING AREA! BUILT IN 1916, NEWLY REFINISHED HARDWOOD FLOORS, INTERIOR PAINT, LOVELY SUNROOMS, LARGE DRIVEWAY FOR OFF-STREET PARKING, NEWER ROOF & GUTTERS. ALL UNITS RENTED WITH STRONG POSSIBILITIES TO INCREASE RENT ROLL AFTER CURRENT LEASES EXPIRE. EACH UNIT COMES WITH APPLIANCES AND IN-UNIT LAUNDRY MACHINES. WALKABLE TO PARKS, RESTAURANTS AND THE UNIVERSITY OF MN.

MLS ID: 6559981

Directions: From University Ave SE, go North on 5th Ave SE, then East on 6th Street SE

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Property Details

Essential Details

MLS #: 6559981

Listing courtesy of: Stepping Stone Brokers LLC

Price: $740,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 3

Annual Gross Income: $70,200

Operating Expense: $18,576

Annual Gross Expense: $18,576

Annual Electric Expense: $1

Annual Fuel Expense: $1

Annual Insurance Expense: $1

Annual Maintenance Expense: $1

Annual Other Expense: $1

Annual Annual Expense: $1

Annual Water/Sewer Expense: $1

Tenant Pays: All Utilities

Owner Pays: Electricity, Fuel, Sewer, Taxes, Trash Collection

Parking Features: Shared Driveway

Building Details

Owner Occupied: No

Finished SqFt Total: 7,225

Finished Above Grade: 5,825

Finished Below Grade: 1,400

Fireplace: No

Construction Materials: Brick/Stone, Stucco

AccessibilityFeatures: None

Roof: Age 8 Years or Less

Heating: Boiler

Electric: Circuit Breakers

Style: Triplex

Foundation Area: 1,600

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: Mill Cos Add To St Anthony Falls

Lot Dimensions: 66 x 125

Fence: Partial

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: 24

Survey Township: 29

Taxes

Tax Year: 2023

Tax Amount: $11,319

Assessment Pending: Yes

Taxes w/Assessments: $12,306

This listing was last updated by Stepping Stone Brokers LLC on 8/24/2024 at 11:43 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 9/7/2024 10:25 pm.

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 Twin Cities 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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