566 & 568 37th Avenue NE,Minneapolis, MN 55421
Minneapolis, MN 55421
Description
Prime Northeast Minneapolis Duplex Investment!This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market. The Property: Spacious side-by-side layout with 1,364 finished sq. ft. per side. The Income: Strong gross rent of $4,965/month ($59,580 annually). Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1,976/mo / $23,712 annualized). The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and 5 miles to downtown. Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually.Please review the Offering Memorandum for additional details.
Details
| MLS # | 7149871 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 25 |
| Listing Provided By | Edina Realty, Inc. | Bradley Edlefsen |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,729 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.13 |
Interior
| Heating | Forced Air |
|---|
Parking
| Parking Features | On-Street Parking Only |
|---|
Taxes
| Property | 6097 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55421 |
| Area | 13 |
| Community Name | Columbia Heights Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Columbia Heights Add) | |
Price: $519,000 low | high Med: $299,900 sqft: 2,729 low | high Med: 1,216 $ / sqft: $190 low | high Med: $247 On site: 25 low | high Med: 46 | |
Market Activity 55421
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55421 |
| Area | 13 |
| Community Name | Columbia Heights Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Columbia Heights Add) | |
Price: $519,000 low | high Med: $299,900 sqft: 2,729 low | high Med: 1,216 $ / sqft: $190 low | high Med: $247 On site: 25 low | high Med: 46 | |
