1704 Jefferson St NE 7 Unit Apartment Building Offered at $1,400,000 in Minneapolis, MN 55413
INVESTMENT HIGHLIGHTS
- Highly Desireable Location In NE Minneapolis
- Separate electric for each unit which tenants pay (heat is electric as well)
- In unit laundry in all units
EXECUTIVE SUMMARY
This unique property features a 6-plex with five 2-bed, 1-bath units and one 1-bed, 1-bath unit, alongside a beautifully remodeled 4-bed, 2-bath single-family home. All units are fully leased, ensuring immediate rental income. Located in the highly desirable arts district, with in-unit laundry in each unit, this property offers a convenient lifestyle for tenants and strong potential for future rent increases. Don’t miss this rare opportunity to own a prime piece of Northeast Minneapolis! Contact Isaac for more information or to schedule a showing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Dining Room
- Family Room
- Freezer
- Island Kitchen
- Lawn
- Mud Room
- Office
- Smoke Free
- Large Bedrooms
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $1,403 | - |
| 1+1 | 1 | $1,433 | - |
| 4+2 | 1 | $2,957 | - |
1 of 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 14-029-24-12-0063 | Total Assessment | $922,000 (2023) |
| Land Assessment | $123,500 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $798,500 (2023) | Tax Year | 2024 |
