4232 / 4234 Cedar Avenue S, Minneapolis, MN 55407

$470,000
2,593
SqFt
Sold Price
$470,000
List Price
$465,000
Closing Date
Jun 17, 2022
MLS#
6194320
Status
CLOSED
Type
Multifamily
Style
(MF) Triplex
Living Area
2,593
Acres
0.12
Subdivision
James A Elliotts Sub Herrick H
Neighborhood
Northrop
Year Built
1950

Property Description

Excellent opportunity for an investor or perfect for an owner occupant. (2) 2-bedroom units with basements and a studio in the lower back. Long term tenants ( 4 yrs, 5 yrs. and 10.5 yrs) with leases expiring July 31st and all have expressed interest in renewing. Stucco exterior, updated roof, updated wrapped windows, are just a few of the features that make this property maintenance free. 2 bedroom units have mostly hardwood floors, private laundry, updated F/A furnaces with C/A, partially finished basements. Tenants pay their own gas and electric. 1 unit has the tuckunder garage (potential of heating it) and the other has usage of the detached garage. The studio has electric heat and onstreet parking. Seller indicates the building is very easy to rent and has never had a vacancy. The building has a Tier 1 (top rating by the City) license agreement, has had lead based paint abatement clearance, and a past City weatherization certificate. Lots of storage.

Additional Information

School District
Minneapolis
Amenities Shared
Patio
Tax Amount
$5,249
Tax Year
2022
Fuel
Natural Gas
Lot Description
Tree Coverage - Medium, Public Transit (w/in 6 blks)
Sewer
City Sewer/Connected
Roof
Asphalt
Heating
Forced Air
Water
City Water/Connected
Handicap Accessible
None
Basement
Full, Partially Finished
Parking
Attached Garage, Detached, Tuckunder Garage, Heated Garage, Concrete, Multiple Garages
Garage Spaces
2

Mortgage Calculator

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Listing courtesy of RE/MAX Results. Selling Office: .

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