Sorenson Realty
Michael Angelo Russo, Sorenson RealtyPhone: (612) 600-7722
Email: [email protected]
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listing
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Residential IncomeFor Sale
$664,900
3200 Bloomington Avenue
Minneapolis, MN 55407
Listing Office: MRG Realty Partners, LLC
MLS: Northstar MLS
5,280Sq Ft
Est. Mortgage
$3,532/mo

This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building similar to a small condo building. Tenants pay their own Heat / Gas / Electric! Lots of storage is available in the basement with a separate entrance in the back for convenient access. Current rents are well below market for other 3-beds in the area, which can support an estimated 1700-1800 / M for similar units with in-unit laundry and furnace heat. Unit 1 was converted to 4-bed unit in the past, and unit 2 could be made into a similar 4-bed unit. The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside.

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