2121 South 13th Avenue

Minneapolis MN 55404

5190 sq. ft.

0.11 ac.

Duplex

Currently for sale - view listing

Overview

Investor or Owner/Occupier's dream! Existing cash-flowing property with clear value-add way-ahead! HUGE - 2x 3bd/1.5ba & 2x 2bd/1ba !!!! Plenty of room to add bedrooms, improve kitchens, add in-unit laundry, and upgrade mechanicals to maximize potential. Property approved for 70% matching funds for all new boilers, one new water heater, and attic/wall insulation. Low-income Rate Classification set to reduce listed taxes by 40% in 2024. Fully leased under market with $48610 current year NOI. All units coming due in 60-90 days! Separate boilers & water heaters; 2x washers and dryers in basement for common laundry. Don't miss this rare opportunity!

Features

5190 sq. ft. floor area

0.11 ac. lot size

Duplex

Property history for 2121 South 13th Avenue

2022

Sold

$500,000

03 Jun 2022 by Christine Hazel, of Coldwell Banker Realty

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