1024 Washington Ave S - Bridgewater Lofts
1,900 SF Retail Condo Unit Offered at $499,900 in Minneapolis, MN 55415
PROPERTY FACTS
| Price | $499,900 |
| Unit Size | 1,900 SF |
| No. Units | 1 |
| Total Building Size | 592,974 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment or Owner User |
| Building Class | A |
| Floors | 10 |
| Typical Floor Size | 57,987 SF |
| Year Built | 2007 |
| Lot Size | 2.02 AC |
| Parking Ratio | 0.33/1,000 SF |
1 UNIT AVAILABLE
Unit Retail Condo
| Unit Size | 1,900 SF |
| Price | $499,900 |
| Price Per SF | $263.11 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.85% |
| NOI | $29,250 |
| No. Parking Spaces | 2 |
DESCRIPTION
Listing includes two parking spots noted, two additional spots available for $40k each - 26-029-24-12-0574 and 26-029-24-12-0575. Street access from 10th Avenue, ample street parking.
SALE NOTES
Chiro tenant currently paying $13,650 NNN for 624 SF, lease expires 11/25 but could terminate sooner. Salon tenant pays $15,600 NNN for 976 SF in year 1 of 5 year lease with 5% annual increases.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 300 | - | - |
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (95)
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Pool
- Property Manager on Site
- Spa
- Elevator
- Multi Use Room
- Sundeck
- Smoke Detector
ZONING
| Zoning Code | C3A |
