About 2316 25th Avenue S
Prime investment opportunity in Minneapolis' sought-after Seward neighborhood! This well-maintained 4-unit property offers an excellent combination of strong cash flow, quality updates, and long-term upside, featuring 10 bedrooms and approximately $86K+ in annual gross rental income. With a stated NOI of $57,090, the property offers an attractive approximately 7.14% cap rate. Tenants pay gas and electric, helping control operating expenses. Each unit features in-unit laundry, central air, and high-efficiency HVAC. Additional highlights include 6 off-street parking spaces, a strong unit mix, and stabilized rental income. Significant renovations completed in 2019 provide added peace of mind and reduce near-term capital needs. A compelling opportunity for investors seeking a turnkey multifamily asset in a desirable Minneapolis neighborhood.
Features of 2316 25th Avenue S
| MLS® # | 7144916 |
|---|---|
| Price | $799,900 |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Square Footage | 4,309 |
| Acres | 0.19 |
| Year Built | 1883 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 2316 25th Avenue S |
|---|---|
| Area | 67 |
| Subdivision | Fair Ground Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55406 |
Amenities
| Amenities | None |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Vinyl |
|---|---|
| Lot Description | Public Transit (w/in 6 blks), Tree Coverage - Light |
| Roof | Age 8 Years or Less, Asphalt |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 14 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | RE/MAX Results |
|---|