For Sale: Minneapolis MLS# 6813799
Active
$1,300,000
Commercial: Other
14 br • 11 ba • Built 1963
0.406 acres
MLS# 6813799
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Property Description
1900 Vincent Ave N, Minneapolis presents a compelling opportunity to acquire a well-maintained 13-unit apartment building with strong fundamentals and upside potential. Within the current owner’s ownership, most major CapEx items, including the roof (2013), the boiler (2019) the water heater (2019), and windows (2018), have all been replaced. In 2024, solar panels were added to the roof, adding another income-generating feature of the building, reducing near-term maintenance concerns, and improving long-term operating efficiency. A current office/flex space offers potential for additional rental income as is, or the ability to convert it to another unit. 3 garages are being used by the seller, these could also be rent out.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,300,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Other
Zip Code:
55411
Neighborhood/Area:
85
Subdivision Name:
Auditors Sub 019
Interior
Bedrooms:
14
Bathrooms:
11
Refrigerators:
One Per Unit
Appliances Included:
Cooktop
Basement Details:
Full
Exterior
Stories:
Three Or More
Garage Spaces:
4
Air Conditioning:
Wall Unit(s)
Foundation Size:
4,512 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Covered
- Open
Unit Amenities:
Security Lights
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.406
Geolocation:
44.999082, -93.315504
Inclusions:
Building, Leases
Lot Dimensions:
123 x 143
Zoning:
Business/Commercial
Schools
School District:
558
District Phone:
6126680000
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,661
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,128
Units
Total Units:
13
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.