For Sale: Minneapolis MLS# 6704404
Active
NEW!
$2,015,000
Commercial: Apartments
Built 1903
0.29 acres
Minneapolis schools
MLS# 6704404
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Property Description
The Maple Oak Apartments, located at 214 4th St SE in Minneapolis' Marcy-Holmes submarket, is a 14-unit, 2-star low-rise apartment complex constructed in 1903. This property offers an excellent investment opportunity, featuring a Gross Building Area (GBA) of 10, 256 square feet and an average unit size of 684square feet. It comprises a mix of studio, one-bedroom, and two-bedroom units. The property reflects strong market fundamentals, supported by a modest 8% vacancy rate and competitive asking rents averaging$804 per unit or $1.18 per square foot.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,015,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Apartments
Zip Code:
55414
Neighborhood/Area:
Marcy Holmes
Subdivision Name:
Saint Anthony Falls
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Shared Access
Exterior
Garage Spaces:
2
Other Parking Spaces:
12
Foundation Size:
3,291 ft2
Handicap Accessible:
None
Heating System:
Steam
Parking Features:
- Detached
- Parking Lot
- Paved
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.29
Geolocation:
44.986653, -93.252224
Inclusions:
Building, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$20,971
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$21,416
Units
Total Units:
14
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier 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.