3640 Aldrich Avenue S, Minneapolis, MN 55409

$1,000,000.00
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BEDS0 BATHS SQUARE FEET3,474 MLS#6181240
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONRemingtons 2nd Add SCHOOLMinneapolis

Property Description

Rare opportunity to buy this fourplex in Uptown blocks from Lake Bde Make Ska and Lake Harriet! All units will be leased by May 1st and have the same layout with 2 beds, 1 bath, Kitchen, & LR. Each has its own meter and tenants pay for electric. They all have a front and back entrance, updated appliances, some updated flooring, and new paint. Rents are $1300-$1500 depending on the unit, which are below market (rents can go up to $1800). Rare detached newer garage with a 3rd parking spot out back. Additionally, there's so much potential in the full unfinished basement to build instant equity; think space for an owner occupant, 5th unit, additional finished space to rent to existing tenants, it's limitless and ready to be finished. Coin-op laundry, utilities, and additional storage is also in the basement, which is accessed by the back entrance/staircase.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Daylight/Lookout Windows, Block, Unfinished, Storage Space, Shared Access, Owner Access
Basement: Yes
Days on Market: 56
Garage: 2
Heating: Baseboard, Hot Water
Lot Size: 0.12 Acres
Roof Type: Asphalt, Age Over 8 Years
Taxes: $10,472
Year Built: 1960

Feature Descriptions

Exterior: Stucco
Foundation Size: 1680
Lot Dimensions: 42x129
Owners Expense: Taxes, Insurance, Water, Fuel, Repairs, Trash Collection, Snow Removal, Grounds Care
Parcel#: 0402824440081
Parking: Detached, More Parking Onsite for Fee, Storage
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Cable TV
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Realty Group LLC
Agency Phone: 763-432-7640

Shown By

Agency Title: Real Estate Masters
Agency Phone:

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Estimated Payment

$ 5,361.66 per month $4,197.32 Principal & Interest $872.67 Property Tax $291.67 Homeowner's Insurance

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