For Sale
$550,000

2506 Dupont AveMinneapolis, MN 55411

High-yield 4-unit rental property in Minneapolis.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a well-maintained four-unit multifamily property located at 2506 Dupont Ave N, Minneapolis, MN 55411, in Hennepin County. The property, built in 1910 and renovated in 2024, boasts a total of 4,200 square feet, with 2,800 square feet of net rentable space spread across two stories in a single building. Situated on a 5,075 square foot lot, this property offers a compelling 10% capitalization rate. Currently, the occupancy rate stands at 50%. The asking price is $550,000. This owner-user investment is ideal for those seeking a strong cash flow opportunity. The property's location provides convenient access to essential services, public transportation, and community amenities, ensuring a consistent tenant base. While not situated in a high-end area, its affordability and steady rental demand make it a dependable addition to any investment portfolio. The property's functional living spaces in each unit contribute to its appeal. This is a solid investment in a stable market.

Highlights

  • High-yield 4-plex in North Minneapolis offering a 10%+ capitalization rate.
  • Each unit features functional living spaces attracting reliable tenants.
  • Strong rental demand in an affordable location near amenities and public transit.
  • Ideal income-producing asset for both experienced and novice investors.

Property Details for 2506 Dupont Ave

Property type
Residential income homes
Square Feet
4,200 SF
Year Built/Renovated
1910/2024
Buildings
1
Stories
2
Units
4

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
45.005149
Longitude
-93.2922232
2506 Dupont Ave, Minneapolis, Minnesota

FAQs

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2506 Dupont Ave
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