$440,000
3116 Emerson AVE N Minneapolis, MN 55411
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$440,000
Est. payment /mo
6,534 Sqft Lot
UPDATED:
11/20/2024 03:22 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Silver Lake Add
MLS Listing ID 6547394
Year Built 1907
Annual Tax Amount $5,246
Tax Year 2023
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 52x127
Property Description
Commercial property with 6 units total. Great cash-flowing asset for an investor to add to their portfolio. Four residential units and two commercial spaces. Long term commercial and residential tenants. Partially finished basement currently being used for office and storage space for commercial tenants. Lot with plenty of parking behind the building. Current cash flow is $60,000 per year if rents brought up to market value could yield around $80,000.
Location
State MN
County Hennepin
Zoning Business/Commercial
Interior
Heating Hot Water
Inclusions Building, Inventory, Land, Leases
Fireplace No
Exterior
Garage Open
Utilities Available Electric Separate
Present Use Beauty/Barber Shop,Church,Residential
Building
Foundation 2553
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Minneapolis
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Listed by James Faillettaz • Coldwell Banker Realty
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