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1802 11th Avenue S
Minneapolis, MN 55404
Commercial Sale (Other)
0.23 Acres
0 Sqft Living Area
9 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1902
$1,995,000
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Property Description
THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL ! A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels. Loan assumption on a low interest rate loan of about one million is available.
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Contact Details
Name: Steven Pierce
Email: steven11pierce@gmail.com
MLS Listing Id: 6428729
Agent Phone: (952) 368-0021
List Agent License:
Office Name: Bridge Realty
Office Phone: (952) 368-0021
Office MLS Id: 7125
Listing Status: Active
Listing URL: https://listings.listhub.net/pages/RMLSMN/6428729/?channel=openhousinc
Copyright © 2024 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
