This is a multi-site property with 6 parcels (26,840 SF) and 5 buildings, 14 units located on the SE corner of Franklin & Columbus in So. MPLS, in an OPPORTUNITY ZONE. Zoned R6-MF High Density, this site could be the next multi family property built in the city. Franklin is a very high traffic street and the site is located just across the street from Peavey Park. Park Avenue is the next street to the west and gives direct access to downtown. The property's current use is multifamily and provides good cashflow. The property is priced at under assessed value. The current ownership has invested in upgrades to the property and has had no problems re-leasing upgraded units. Addresses: 712, 720, 722 Franklin & 1916, 1920, 1924 Columbus.
Condo/ Townhome/ Apartment
Built in 1896
Franklin Ave Add
Listing Courtesy of Metro Group Real Estate,