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1016 Newton Avenue N, Minneapolis, MN 55411

Status: For Sale

4 units
4,196 sq ft

$585,000

$15,000 from List Price

WELCOME HOME

Get to know this property.

Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100,000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.

The details that matter.

General Property Information for 1016 Newton Avenue N, Minneapolis, MN 55411 - MLS# 7135334
Bedrooms and Bathrooms
Total Bedrooms:
12
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1921
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
2 Story
Total SqFt:
4,196
Total Fnsh'd SqFt:
4,196
Above Ground SqFt:
4,196
Finished Above Grade:
4,196
Below Ground SqFt:
0
Finished Below Grade:
0
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
2,112
Approx Lot Dimensions:
42.05 x 126.8
Approx Number of Acres:
0.122
Income and Expenses
Gross Income:
$166,099.36
Total Expenses:
$0

A closer look at the location.

From HWY 55, north on Penn, right on oak park, property is on the right.

This listing has been entered by the following office: RE/MAX Results

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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