Address
3116 Emerson Avenue N, Minneapolis, MN
Price
$ 499,900
Property Attributes
- ID#6392336
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaSilver Lake Add
- NeighborhoodSilver Lake Add
- Zip55411
- StyleMixed Use
- Year Built1907
- Taxes$ 5246
- Price$ 499,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7167
- Lot Size6,534 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Incredible opportunity to own fully leased 6-unit mixed use-commercial/apartmetn building with 8.5% cap. 10 available parking spaces at rear of building. Leases in place. Great ROI! Please contact agent to arrange showings of all units at one time.
| Price History | |
|---|---|
| 7/10/2023 | Listed $499,900 |
General Features
| Accessibility | None |
|---|---|
| Additional Parcels Y/N | No |
| City | Minneapolis |
| Construction Materials | Brick/Stone |
| Contingency | None |
| County | Hennepin |
| Current Use | Beauty/Barber Shop, Church, Office, Residential, Retail |
| Directions | Corner of Lowry Avenue N & Emerson Ave |
| Fuel Expense | 3237 |
| Gross Income | 69360 |
| Heating | Hot Water |
| High School District | Minneapolis |
| Insurance Expense | 5940 |
| Lender Owned | No |
| Net Operating Income | 42559 |
| Property SubType | Mixed Use |
| Property Type | Commercial Sale |
| Sewer | City Sewer/Connected |
| Standard Status | Active |
| Street Name | Emerson |
| Subdivision Name | Silver Lake Add |
| Tax Annual Amount | 5246 |
| Tax Year | 2023 |
| Tenant Pays | Electricity |
| Total Units | 6 |
| Trash Expense | 1740 |
| Utilities | Electric Separate, Heating Common |
| Water Sewer Expense | 1680 |
| Year Built | 1907 |
| Zoning Description | Business/Commercial |
Interior Features
| Fuel | Natural Gas |
|---|---|
| Street Suffix | Avenue |
Exterior Features
| Foundation Area | 2553 |
|---|---|
| Inclusions | Building, Inventory, Land, Leases |
| Lot Dimensions | 52x127 |
| Lot Size Area | 0.15 |
| Lot Size Units | Acres |
| Parking Features | Unassigned |
| Water Source | City Water/Connected |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 55411
Price
Taxes
Visits
Year Built
Walkscore
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2017 All rights reserved.
