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CITY
Minneapolis, MN
UNITS
38
SALES PRICE
$2,100,000
DOWN PAYMENT
$525,000
TERMS
Cash or Submit
Highlights
  • Security cameras (five)
  • Hardie Plank cement siding
  • Pergo flooring
  • All new windows
  • New light fixtures (interior & exterior)
  • Onsite laundry equipment
  • Techmar – indoor/outdoor boiler controls
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Description

Uptown Plaza II, built in the late 60’s, is a newly upgraded, 38-unit property with a mix of floor plans including studios, one-and two-bedrooms, and one, three-bedroom apartment.  Attractive exterior upgrades include sturdy fiber cement siding, sliding glass windows, and a secured three-paneled glass entrance door. 

Internal common areas are freshly painted & well lit with new carpeting and unit entry doors.  All apartments are good-sized with plenty of windows and closet space.  Half of the units have been updated with new Pergo flooring in the kitchens and living rooms, and Formica kitchen countertops. The laundry facility, with ceramic tile flooring, is equipped with seller-owned washers and dryers.

The Whittier neighborhood is one of Minneapolis' oldest and diverse communties, with many classic old buildings, and ethnic restaurants and markets.  The property is located in a quiet neighborhood mid-way between Lyndale and Nicollet Avenues.   Popular Eat Street, Lyn-Lake, Uptown and downtown areas are close by.

Summary
Property Type
2 1/2 story –(brick & Hardie Plank cement siding)
Year Built
1969
Units / Rents

14 - Studio - ($571)

15 - 1 BR - ($673)

8 - 2 BR - ($803)

1 - 3 BR - ($895)

Heating & Air Conditioning
Gas fired hot water
Wall units
Laundry
6 washer & 6 dryer owned
Assessed Market Value
$1,860,000
Real Estate Taxes
2010 - $33,009
Parcel Size
acres
Parking
Ample off street
Roofs
Pitched- shingled
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405