35.83% CASH ON CASH RETURN. YOU CAN POTENTIALLY RECOUP YOUR WHOLE INVESTMENT IN A LITTLE OVER 3 YEARS. CURRENT OWNER BOUGHT TO REHAB AND INVESTED ALOT OF MONEY INTO THIS CASH COW!! ALL ELECTRICAL AND PLUMBING HAS BEEN UPDATED WITH NEWER SUPPLY LINES, FIXTURES, WIRING, AND BREAKER BOXES. EXTERIOR HAS RECEIVED NEWER ROOF, WINDOWS, PAINT, AND SOME EXTERIOR DOORS. NOT MUCH LEFT TO DO EXCEPT COLLECT RENTS!
HISTORIC 4-PLEX IN THE HEART OF SOUTH MINNEAPOLIS. ALL TWO-BEDROOM UNITS W/ FULL SIZE KITCHENS & DINING ROOMS. LIVING ROOMS FEATURE LEADED GLASS. HARDWOOD FLOORS ARE UNDER CARPET. CURRENTLY NO HDWD FLOORS ARE EXPOSED. 90% OF WINDOWS HAVE BEEN REPLACED WITH WHITE VINYL REPLACEMENTS. FLAT ROOF WAS REPLACED IN 2000 (NO WARRANTY & NO ACTIVE LEAKS). EXTERIOR IS STUCCO IN GREAT SHAPE. SEPERATE BOILERS. EACH APT. PAYS ITS OWN GAS & ELECTRIC FOR THEIR UNIT. OWNERS EXPENSES ARE TAXES, INS, WATER, TRASH, COMMON AREA ELECTRIC, AND GAS FOR LAUNDRY MACHINES. COIN OPERATED WASHER & DRYER LEASED THHROUGH BDS.
11 unit apartment building - all two bedrooms, large living/dining room, kitchen has lots of cupboards with room for small dinette table, shower/tubs, laundry on site, off street parking and on bus line. Total brick building.
4 unit brick building, all two bedrooms with large living/dining room, large kitchen, tub/shower, hardwood floors with carpeting in bedrooms. Newer roof and hot water heater in 2013, on bus line.
Up and down 2 bedroom duplex with hardwood floors, Two car garage. New roof and furnaces and insulated walls. Remodeled kitchens. Large living room/dining room. Tenants pay for heat.
Multifamilty and SFR Portfolios in Minneapolis / Saint Paul. This portfolio has been professionally managed by Minnestota Realtors for years. They have been managed in a structured, repeatable and efficient manner. Highlights include: - 70 units total, well managed and recently updated - High Occupancy: This portfolio continues to operate a full or near full occupancy. - Tenant Screening: All tenants are screened for criminal and eviction backgrounds. In addition, all tenants are income verified at time of check-in to ensure their household income is minimally 2.5x - 3.0x the current rent. - Security Deposits: All houses have at least one month security deposit in place prior to move in. - Written Leases: All properties are under written leases. Online brochure at passiveincomerentals. c o m ** Contact me directly for portfolio brochure with pictures and all relevant due diligence data. - Tony Mele 980-721-7550 firstname.lastname@example.org
Two-Story, 16 Unit Garden-Style Apartment Building with many updated units with custom cabinetry; new countertops; dishwashers, new flooring; kitchen windows; microwave openings; secured entry doors with new remote entry access; new interior mailbox bank; individual storage lockers; coin-operated laundry on site; off-street parking. 5 Studios / 10-1 Bedroom / 1-2 Bedrooms. Close to 50K in recent capital improvements. Residential Property adjacent to Building available for Purchase.
|Photo Coming Soon|
Historical landmark with 5800 sq ft! Two 2 bedroom units boast two fireplaces each! Additional one bedroom and loft unit too! Five garage stalls offer plenty of parking or storage...
The Bell Apartments consist of one 3-story brick veneer apartment building with 25 units located on 28,260 SF of land zoned R4 Multiple Family District by the City of Minneapolis. The property is attractive and the units are loft style units with 16' loft ceilings. loft ceilings. Heat is supplied by a gas fired hot water boiler and the tenants pay for their own electricity. The Bell Apartments have an elevator, a laundry room with 2 washers/ 2 dryers (leased), and secured entry from the street. There are approximately 25 on-site surface parking spaces.