Exceptionally located across the street from Concordia University, this fully occupied 6-unit apartment building offers strong long-term potential. Recent maintenance improvements and upgraded mechanical systems, including updated utility meters, provide peace of mind and added value for investors.
Additional features include a basement laundry facility that generates supplemental monthly income of $75/month, and a private 4-space parking lot behind the building an attractive perk for tenants. The basement could be used as storage for a future value add. The property is extremely accessible, with four bus stops within a 5-minute walk, and is conveniently located near multiple higher education institutions including Mitchell Hamline School of Law, Macalester College, and the University of St. Thomas.
Tenants enjoy proximity to a variety of amenities and cultural attractions such as Great River Water Park, Allianz Field (home of MN United FC), Xcel Energy Center, The Ordway Theater, Science Museum of Minnesota, and the Minnesota History Center. Plus, they re just minutes from Trader Joe s, Whole Foods, and an exciting local dining scene.
A rare opportunity in a high-demand rental area ideal for both seasoned investors and those looking to expand their portfolio.
- Age: Over 50 Years Old
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Exterior Type: Frame
- Exterior Type: Concrete
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floor Covering: Carpet
- Heating System: Baseboard
- Legal Description: ANNA E RAMSEY ADD EX AVE LOT 3 BLK 3
- MLSID: 6709632
- Roof Type: Flat
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1