<< BACK TO LISTINGS PAGE

 

 

this listing
CITY
Minneapolis, MN
UNITS
26
SALES PRICE
$1,600,000
DOWN PAYMENT
$400,000
TERMS
Cash or Submit
Highlights
  • Controlled access/security cameras
  • Dishwashers in all units
  • Hardie Plank siding
  • Boiler fire system, water heaters & irrigation system
  • Onsite coin-op laundry equipment (4 washers & dryers)
  • Vertical wood blinds
  • Mechanicals—electric, plumbing, boilers, water heaters
This PDF is password protected. For the monthly access code, please contact Maddy Butler at 952.465.3572.

View More Photos >>
MORE PHOTOS

Description

Midtown Plaza is a well designed and maintained 26-unit apartment building located in a fast growing south Minneapolis neighborhood.  The property has been completely renovated during the past year—freshly painted throughout with new exterior siding, lighting, entry doors and security cameras.  Interior upgrades include kitchens, bathrooms, hallway carpeting, and laundry facilities.

All the apartments—including studios, one, and two-bedroom units—are spacious with neutral carpeting and ceramic flooring.   Large walk-in closets are also available in some units.  Kitchens are appointed with stainless steel appliances and sinks, built-in microwaves, ceramic flooring, and neutral colored cabinets and granite countertops with backsplashes.  An additional room, adjacent to the laundry, is equipped with bike racks for tenant use. 

Midtown Plaza is located across the street from Abbott Northwestern Hospital and is a short walk to Midtown Exchange & Greenway, a popular trail system and a marketplace venue for shopping & dining. The property is conveniently located on a bus route and is close to major freeways I94 & 35W.

 

Summary
Property Type
2 ½-story (brick & Hardie Plank cement siding)
Year Built
1971
Units / Rents

9 - Studio - ($567)

15 - 1 BR - ($725)

2 - 2 BR - ($908)

Heating & Air Conditioning
Gas fired hot water
Wall-mounted air conditioners
Laundry
4 new washers & 4 dryers (owned)
Assessed Market Value
$ 1,050,000
Real Estate Taxes
2010 - $ 19,459
Parcel Size
acres
Parking
Ample off street
Roofs
Flat
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405