Property Listing
Description
This mixed-use property may be the ideal opportunity for an owner-occupant. The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units. All the units, except residential unit 202, are owned by one owner. The property has been converted to condos so each of the 6 units has its own PID. Potential for owner-occupant to purchase one of the residential units to reside in and use a residential mortgage and purchase the remaining building using a commercial mortgage. The owner of unit 202 currently owns the only garage in the back plus 2 parking spaces on the back side of the property. The entire site has 15 parking spaces. Heating updates are in process including do-demand hot water for unit heat in 4 units. Cap Rate: 7.15%
Property Information
Status: Active
Sub Type: ********
List Price: $963,500
MLS#: 6785866
Current Price: $963,500
Address: 2409 Lyndale Avenue S, Minneapolis, MN 55405
City: Minneapolis
State: MN
Postal Code: 55405
Geo Lat: 44.958753
Geo Lon: -93.287604
Subdivision: Cic 1833 Ecopolitan
County: Hennepin
Property Description
Year Built: 1911
Lot Size SqFt: 11325.6
Gen Tax: 15753
Specials Inst: 0
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 6
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Rental License
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: