2501 17Th AveMinneapolis, MN 55404

Property Details for 2501 17Th Ave

Year built

1909

Lot size

0.16 AC

Property size (Sq ft)

6,654 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents an eight-unit apartment building located at 2501 17th Avenue S in Minneapolis, Minnesota. The property sits on a 0.16-acre lot and boasts a total of 6,654 square feet of living space. The building's configuration includes four two-bedroom units and four one-bedroom units, providing a diverse mix of rental options. Currently, the building is fully occupied, generating consistent rental income. However, the property presents a value-add opportunity for a discerning investor. While currently functional, some repairs are needed, allowing a new owner to increase the property's value through strategic renovations and upgrades. This could include modernizing kitchens and bathrooms, improving landscaping, or implementing energy-efficient upgrades. The strong rental market in Minneapolis, coupled with the potential for increased profitability through improvements, makes this a compelling investment prospect. The asking price is $525,000. This represents a significant opportunity to acquire a well-located, income-producing asset with considerable upside potential. Serious inquiries are encouraged. Financial statements and further details are available upon request.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9572

Longitude

-93.2496

FAQs

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