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409 7th St 409 7th St

5 Unit Apartment Building $607,424 CAD ($121,485 CAD/Unit) Minneapolis, MN 55414

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Investment Highlights

Great Location in Marcy Holmes Neighborhood
New Roof 2023
Redevelopment Potential

Large Lot
Off Street Parking

Executive Summary

24-Hour notice required for showing. Currently 100% occupied. Agent to verify measurements. 5-unit apartment property located in the Marcy Holmes neighborhood near the University of MN. Total of 8 rental rooms, one 3-Bed, one 2-Bed, one 1-Bed and 2 Studio units. 100% occupied with a strong history as a student rental. Units are in good condition and the roof was replaced in 2023. Large lot provides an opportunity for future redevelopment. Located near the U of MN, this property has been a student rental for many years. Easy access to downtown Minneapolis via Hennepin and Central Avenues and HWY 35w.

409 - Sale Package - 3-2024

Property Facts

Price	$607,424 CAD	Building Class	B
Price Per Unit	$121,485 CAD	Lot Size	0.21 AC
Sale Type	Investment	Building Size	6,000 SF
No. Units	5	Average Occupancy	100%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment Multifamily Dormitory	Year Built	1900
Apartment Style	Garden	Parking Ratio	0.83/1,000 SF

Price	$607,424 CAD
Price Per Unit	$121,485 CAD
Sale Type	Investment
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	B
Lot Size	0.21 AC
Building Size	6,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1900
Parking Ratio	0.83/1,000 SF