About 3606 E 34th Street
Spectacular six unit recently renovated with all new kitchens and bathrooms. Unit mix is five one-bedroom and one studio apartment all with one full bathroom. Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot. 100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler. The average one-bedroom rents are $1,296 and the studio is at $1,195. This asset is in turn-key condition with a stabilized in place cap rate of 8.63% along with a 7.94 gross rent multiplier. Perfect for the first time investor or for your next 1031 tax exchange.
Features of 3606 E 34th Street
| MLS® # | 7068138 |
|---|---|
| Price | $750,000 |
| Acres | 0.13 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Status | Pending |
Community Information
| Address | 3606 E 34th Street |
|---|---|
| Area | 44 |
| Subdivision | Auditors Sub 237 |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55406 |
Amenities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Range, Refrigerator, Stainless Steel Appliances |
|---|---|
| Heating | Boiler, Hot Water, Zoned |
| Cooling | Wall Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Stone, Stucco |
|---|---|
| Roof | Age Over 8 Years, Flat |
| Construction | Block, Brick |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 140 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Apartment Cash Flow, Inc. |
|---|