2506 Dupont AveMinneapolis, MN 55411

Property Details for 2506 Dupont Ave

Year built

1910

Property size (Sq ft)

4,200 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

45.0051

Longitude

-93.2922

FAQs

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