456 Buchanan Street NE, Minneapolis, MN 55413
Status: Sold
$419,363
$59,050 from List PriceWELCOME HOME
Get to know this property.
Four-unit property with Northeast character in a great location of the Beltrami neighborhood. Grocery stores, restaurants, breweries, and the University of Minnesota all in close proximity. All units are currently rented month-to-month with long-term tenants in place. The property includes two 2-bedroom units on the upper floor and two 1-bedroom units on the main level. Unit 1 was originally a neighborhood storefront during the roaring ’20s, adding a colorful chapter of local history to the property. Additional income opportunities include rent growth, RUBS implementation, monetizing the 5 garage spaces, and pet rent (building is dog-friendly). Large lot with yard adds further tenant appeal. Unit 1 - 672 sqft (1BR/1BA) – $1,000 Unit 2 - 588 sqft (1BR/1BA) – $950 Unit 3 - 672 sqft (2BR/1BA) – $1,050 Unit 4 - 588 sqft (2BR/1BA) – $1,000 Building Improvements: Roof: New in 2017 Garage Roof: New 2026 Boiler: New in 2013 Plumbing: Supply lines, PEX, 2013 Water Heaters: Replaced in 2013 Operating Expense Taxes: $9,381 Water + Solid Waste: $4,131 Insurance: $2,481 Gas : $2,769 Electric: $500
The details that matter.
A closer look at the location.
Southwest corner of Buchanan St NE and Spring St NE
This listing has been entered by the following office: Lifestyles
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