About 2818 E 31st Street
Prime 6 unit building in the growing Longfellow neighborhood! All the heavy lifting done with recent updates and 100% occupancy! Combination of long term tenants and recent move-ins, with a total gross scheduled rent of $7,400 per month with room to grow! Step into cashflow day one, with great upside with lease renewals next year. Too many updates to list, see the supplements for a full list of improvements. New high efficiency boiler/hot water heater combi unit along with many new energy efficient appliances account for the extremely low operating cost as seen in the financials. Run your own numbers, but current rents and actual expenses have the building at over an 8 cap, with aggressive rents pushing it higher. Schedule your showing today, and add this cash flowing asset to your portfolio!
Features of 2818 E 31st Street
| MLS® # | 6770334 |
|---|---|
| Price | $679,000 |
| Bedrooms | 10 |
| Bathrooms | 6.00 |
| Acres | 0.10 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 2818 E 31st Street |
|---|---|
| Area | 44 |
| Subdivision | Libbys Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55406 |
Amenities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Baseboard, Boiler |
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Stone, Stucco |
|---|---|
| Roof | Asphalt |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 338 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Keller Williams Classic Rlty NW |
|---|