Listing Courtesy of Verde Real Estate Group,

3043 Grand Avenue, Minneapolis, Minnesota, 55408

Solid 4-plex; fully rented with strong cash flow. Great uptown location - close to everything. New siding, windows, gutters, kitchen cabinets, carpet, tile, paint, etc. 4 new water heaters and forced air furnaces in each unit. Separate utilities. Owner only pays water bill. Four 1 bd, 1 bath units. 2 currently rented yearly for $1150/month. 2 are furnished and rented short term for $1500-1800/month. Mostly rented min 70-90 days to travel nurses; tenant placement pro does a great job keeping units rented - she is willing to continue to place tenants for new owner as she did when current owner bought property. It's been the key to achieving max net/cash flow. Records of rent$, bookings, leases, etc can be provided. Furnishings are negotiable to include in sale. Dream scenario to walk into well managed, proven max cash flowing property w/ 2 yrly leased units; 2 furnished, short-term leased units.

Active

$639,900

Condo/ Townhome/ Apartment

2,564 Sqft

MLS

5746884

Built in 1900

6898 (2020)

Disclaimer: The information contained in this listing has not been verified by Verde Real Estate Group and should be verified by the buyer.

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ADDRESS & DIRECTIONS

  • Street Address: 3043 Grand Avenue
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Directions:
    Lake Street to Grand; South to Home.

PROPERTY FEATURES

General Information

  • Zoning Description : Residential-Multi-Family

Heating /Cooling Features

  • Heating : Forced Air

Interior Features

  • Basement Description : Crawl Space,Brick/Mortar

Parking Features

  • Parking Features :
  • Garage Spaces: 0

Construction Features

  • Construction Materials : Vinyl Siding
  • Foundation Area : 1340

Utility Information

  • Water Source : City Water/Connected,City Water - In Street
  • Sewer System : City Sewer/Connected,City Sewer - In Street

Other Features

  • Above Grade Finished Area : 2564 S.F

SCHOOLS NEAR 3043 Grand Avenue

  • Courtesy of Verde Real Estate Group,
  • Property last updated on NorthstarMLS : 6/13/2021 1:22:13 AM