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Property Description
Well-maintained, fully occupied duplex in a prime University of Minnesota location offering immediate cash flow and strong long-term investment potential. Both units are leased with a current gross rental income of $3,325 per month ($39,900 annually). The property has a solid operating history, stable tenants, and presents an excellent opportunity for investors seeking a turnkey rental. Future upside exists through cosmetic updates and potential rent growth while benefiting from immediate income from day one. Conveniently located near the University of Minnesota, public transportation, restaurants, and shopping.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Finished
Heating: Radiant
Lot Size: 0.05 Acres
Taxes: $5,592
Year Built: 1989
Feature Descriptions
Days on Site: 7
Foundation Size: 1039
Lot Dimensions: 42.5x50
Owners Expense: Insurance, Grounds Care, Repairs, Management, Pest Control, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 2402924240136
Parking: Paved Lot
Road Frontage: City Street
Sewer: City Sewer - In Street
Tenant Expenses: Broadband, Cable TV, Electricity
Units: 2
Water: City Water - In Street
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Southwest Regional
Agency Phone: 952-844-6000
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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Estimated Payment
$ 2,697.60 per month $2,115.66 Principal & Interest $466.00 Property Tax $115.94 Homeowner's InsuranceChange Payment Information
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808 9th Avenue Se | MLS# 7147630
This multi-family property located at 808 9th Avenue Se, Minneapolis, MN 55414 is currently listed for sale with an asking price of $397,500. 9th Avenue Se is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.net today.