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CITY
Minneapolis, MN
UNITS
39
SALES PRICE
N/A
DOWN PAYMENT
N/A
TERMS
Cash or Submit
Highlights
  • Prime location
  • Original woodwork
  • Built-in hutches
  • Hardwood floors
  • Formal dining
  • New windows
  • Updated electrical

Call MBG at (952) 922 -4405

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Description
This Lake of the Isles—Uptown portfolio offers a rare investment opportunity in high demand areas of Minneapolis with strong demographics. The portfolio consists of six buildings and 51 apartments ranging in size from 700 to 1,330 sq. ft.

Built between 1908 to 1926, the rental properties, which offer studios through two bedrooms, have maintained original architectural styles and finishes. The properties have been well maintained and have undergone extensive capital improvements during the past ten years.

Examples of notable classic features & upgrades included in all or many of the buildings include: original woodwork, wood floors, sunrooms and built-in cabinets; new roofs, windows, water heaters, and boilers.

The six-building portfolio presents a stable investment opportunity with solid rental history. Property values in the area have continued to increase substantially during the past decade and these submarkets are expected to show continued strength.

Summary
Property Type
2-3 Story Buildings
Year Built
Built between 1908-1926
Units / Rents
See Portfolio
Heating & Air Conditioning
See Portfolio
Laundry
See Portfolio
Assessed Market Value
  N/A
Real Estate Taxes
2011 - See Portfolio
Parcel Size
  N/Aacres
Parking
Garage + Off Street Parking
Roofs
See Portfolio
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405