2702 16th Ave S
Minneapolis, MN 55407

Description

Great cash flowing property in South Minneapolis. Many updates already complete including all new water supply lines and faucets, appliances, water heaters, washer/dryers, and new roof. 3rd floor could be finished for an expanded upper unit with more bedrooms or potentially a triplex. Current rent on upper unit is below market and is on mo-to-mo lease. Tier 1 rental licensed and great income growth potential!

Details

MLS#4945263
Sub-TypeResale
StatusActive
Year1900
Days On Site25

Features

SQ Feet2,642
Units2
Building(s)1

Market Activity 55407

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
AreaMinneapolis (MN)
Listing VS Median (in 55407)
Price:
$249,000
low | high
Med:
$259,900
45.622489959839% of Average
SqFt:
2,642
low | high
Med:
1,320
100% of Average
$ / SqFt:
$94
low | high
Med:
$200
62.130926546472% of Average
On Site:
25
low | high
Med:
26.5
94.339622641509% of Average
Nearby Listings (Within 1/4 mile)
Price: $186K - $311K
SqFt: 1,500 - 3,000
Listing Updated: 05/21/2018
MLS Number: 4945263
Listing Provided By:
 of  Bridge Realty LLC