PROPIEDAD EN VENTA
$450,000
3532 Longfellow Avenue Minneapolis, MN 55407
6
Hab
2,518
Sq. ft
Est. mensual: $2,125 Recalcular
Cortesía de Integrity Holdings Real Estate LLC
3532 Longfellow Avenue Minneapolis, MN 55407
Cortesía de Integrity Holdings Real Estate LLC
Acerca de esta propiedad
Otra propiedad residencialNúmero de MLS: #6631019
Investors seeking a high-yield property in Minneapolis need look no further than this 1924-built South Minneapolis duplex, positioned above a strong 6.6% cap rate a rarity in today's multi-family market. Located at 3532 Longfellow Avenue in the desirable Corcoran neighborhood, this property presents significant income potential with multiple ways to add value. Currently, it includes two 2-bedroom, 1-bathroom units, each offering more than 800 square feet of finished space and bringing in below-market rents: $1,450/month for the main and upper-level units, and $1,000/month for the lower level, which is a non-conforming third unit. This lower-level unit could legally convert to a third income stream, transforming the property into a triplex upon obtaining the necessary city approval. Each unit has its own gas and electrical meters, allowing for straightforward utility cost management. Plus, with two detached garage spots currently unused as revenue sources but each capable of netting around $150/month the next owner could unlock additional income potential. Three open-air parking spots also offer opportunities to charge tenants between $50-75 monthly. Tenants enjoy a central location that's just minutes from community staples like Matt's Bar, Sisters' Sludge Coffee and Wine Bar, Powderhorn Park, and Sibley Park, enhancing appeal and occupancy stability. While no laundry facilities currently exist, adding them would further boost property value. Current leases extend to mid- and late 2025, providing a stable income stream with ample opportunity for rent increases upon renewal. With its strong yield, value-add potential, and high-demand neighborhood, this property offers an exceptional addition to any portfolio. Seize the chance to enhance cash flow and equity with this Minneapolis investment gem.Características de la propiedad
| Antigüedad: | Más de 50 años de antigüedad |
|---|---|
| Amenidades: | Puerto |
| Estilo arquitectónico: | Otro |
| Tipo de fachada exterior: | De ladrillo, De cemento armado |
| Sistema de calefacción: | Zócalo, Agua caliente, Radiadore |
| Área del lote: | 0.14 Acres |
| Tipo de tejado: | Asfalto |
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| Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
|---|---|---|---|---|
| Folwell Community School | 0.2 mi | Public | PK-5 | |
| South High School | 0.5 mi | Public | 9-12 | C- |
| Bancroft Elementary School | 0.6 mi | Public | PK-5 | C- |
| Risen Christ Catholic School | 0.6 mi | Private | KG-8 | |
| Friendship Acdmy Of Fine Arts Charter | 0.7 mi | Public | KG-1 | |
| Transition Plus Services | 0.7 mi | Public | 12 | |
| Open Arms Early Education And Child Care Center | 0.7 mi | Private | PK-7 | |
| Mps Metro Sj | 0.7 mi | Public | KG-12 | |
| El Colegio Charter School | 0.8 mi | Public | 9-12 | D- |
| Wellstone International High School | 0.8 mi | Public | 9-12 | F |
| Wellstone High School - Sws | 0.8 mi | Public | 9-12 | D |
| Lirio Montessori | 0.8 mi | Public | PK-KG | |
| Ecse | 0.8 mi | Public | PK | |
| Early Childhood Assessment/special | 0.8 mi | Public | PK | |
| Roosevelt High School | 0.9 mi | Public | 9-12 | A |
| Roosevelt Senior High School | 0.9 mi | Public | 9-12 | C |
| Mts High School | 1.0 mi | Public | 7-12 | D- |
| Universal Academy Charter School | 1.0 mi | Public | PK-8 | D |
| Longfellow Alternative | 1.1 mi | Public | 7-12 | F |
| Prekindergarten South | 1.1 mi | Public | PK |
Estos datos se suministran exclusivamente con fines informativos, y no se los deberá usar como base a la hora de decidir comprar una propiedad residencial. Los datos sobre los centros de enseñanza no garantizan la inscripción en estos. Tenga a bien contactar a un profesional inmobiliario local o al (a los) distrito(s) escolar(es) loca(es), para obtener información actualizada sobre los centros de enseñanza de la zona. La finalidad de esta información no es determinar si una persona es elegible para asistir a un centro de enseñanza ni para usar o beneficiarse de los servicios de otra ciudad, pueblo o localidad.
Edad promedio
32.8
Casados
37%
Número de hogares
14,580
Hogares con niños
32%
Comunidad:
Población por edades
Población por grupos étnicos
Población por nivel educativo
Hogares por nivel de ingresos
Datos no disponibles
Tipos de ocupación
Transporte al trabajo