18
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$600,000
Est. payment /mo
2,652 SqFt
Active
2641 Lyndale AVE S Minneapolis, MN 55408
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UPDATED:
12/04/2024 02:07 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,652 sqft
Price per Sqft $226
Subdivision Hoblitts Add
MLS Listing ID 6631730
Year Built 1912
Annual Tax Amount $8,924
Tax Year 2024
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 45x118
Property Description
This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed.
The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.
Start charging for laundry and parking to further boost the bottom line & NOI.
Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.
With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.
Connect with Nate for more detailed information & other off-market opportunities.
The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.
Start charging for laundry and parking to further boost the bottom line & NOI.
Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.
With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.
Connect with Nate for more detailed information & other off-market opportunities.
Location
State MN
County Hennepin
Rooms
Basement Block
Interior
Heating Boiler
Fireplace No
Exterior
Parking Features Parking Lot
Roof Type Age Over 8 Years,Flat
Building
Story Two
Foundation 1326
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Brick/Stone
New Construction false
Schools
School District Minneapolis
Listed by Nathan Schammel • MRG Realty Partners, LLC
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