707 Se 5th Street Se, Minneapolis

707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters. Property Manager lives on site.

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Essential Information

  • MLS® #6735952
  • Price$1,196,000
  • Year Built1924
  • TypeCommercial Sale
  • StatusActive
  • Taxes$21,702

Amenities

  • UtilitiesElectric Separate, Heating Common, Hot Water Common
  • ParkingParking Lot
  • # of Garages6

Exterior

  • Lot DescriptionTree Coverage - Medium
  • RoofAge Over 8 Years, Rubber
  • ConstructionBrick, Frame

Additional Information

  • ZoningResidential-Multi-Family

Community Information

  • Address707 Se 5th Street Se
  • Area50
  • SubdivisionMill Cos Add To St Anthony Falls
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55414

Interior

  • AppliancesRange, Refrigerator
  • HeatingBoiler
  • CoolingWindow Unit(s)

School Information

  • DistrictMinneapolis

Listing Details

  • Listing OfficeMetro Group Real Estate

MLS #6735952 is a Commercial Sale listing, located at 707 Se 5th Street Se in Minneapolis, MN.

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