For Sale: Minneapolis MLS# 7042611
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Property Description
Introducing a prime investment opportunity at 2810 Pleasant Ave S., 17 unit apartment building located in the highly desirable Whittier neighborhood of Minneapolis. This well maintained property offers spacious one bedroom, one bath units designed to attract and retain quality tenants. Each unit features a functional layout with a breakfast bar in the kitchen, large window that brings in abundant natural light and ample built in storage for added convenience. Residents enjoy the benefits of urban living with nearby access to a variety of local shops restaurants, and everyday amenities. The property is ideally situated within walking distance to public transit along Franklin Ave and Nicollet Ave, making commuting throughout the city easy and efficient. Additional on site parking is available for a fee, providing flexibility for tenants with vehicles. With its strong rental appeal, excellent location and desirable unit features, 2810 Pleasant Ave S, presents a solid opportunity for investors seeking a stable asset in one of Minneapolis' most vibrant neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,700,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1950
State:
MN
Property Style:
2 Stories
Zip Code:
55404
Neighborhood/Area:
84
Interior
Ceiling Height:
8-10
Flooring:
Wood
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Daylight/Lookout Windows
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
4,040 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Parking Lot
Unit Amenities:
- Hardwood Floors
- Kitchen Window
- Natural Woodwork
- Tile Floors
Road Frontage:
City Street
Exterior Material:
- Block
- Brick
Roof Details:
- Age Over 8 Years
- Flat
- Rubber
Lot & Land
Acres:
0.43
Geolocation:
44.961857, -93.283321
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
144 x 130
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Fuel Expense:
$14,851
Annual Insurance Expense:
$12,012
Annual Trash Expense:
$7,136
Annual Water/Sewer Expense:
$8,203
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$32,298
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$32,298
Income
Annual Gross Income:
$204,605
Rent
Annual Net Income:
$58,025
Units
Total Units:
17
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.