About 1810 Portland Avenue
Check out this fully stabilized, 11-unit multifamily building in South Minneapolis. This property hasbeen meticulously cared for by the owners for 25 years. Historic 99% occupancy with high-quality long-term tenants in place. Easy value add through rent bumps without having to take on any rehab. The building operates efficiently without third-party management, due to incredible caretakers. Recent upgrades include a new roof and resealed windows (2023), plus modern interior updates in over half the units, including renovated bathrooms and flooring. Each unit is separately metered with 11 off-street parking spaces for tenants. Located in an Opportunity Zone with lots of ongoing developments throughout the neighborhood.
Features of 1810 Portland Avenue
| MLS® # | 6793568 |
|---|---|
| Price | $880,000 |
| Bedrooms | 11 |
| Bathrooms | 11.00 |
| Acres | 0.16 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Status | Pending |
Community Information
| Address | 1810 Portland Avenue |
|---|---|
| Area | 78 |
| Subdivision | Jackson Daniels & Whitneys Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55404 |
Amenities
| Utilities | Electric Separate, Hot Water Common |
|---|---|
| Parking | Asphalt |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Gas Water Heater, Range, Refrigerator |
|---|---|
| Heating | Boiler, Hot Water |
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Public Transit (w/in 6 blks) |
|---|---|
| Roof | Age 8 Years or Less |
| Construction | Block, Concrete |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 106 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Keller Williams Premier Realty |
|---|