For Sale: Minneapolis MLS# 6702518
Active
$570,000
Commercial: Other
Built 1961
0.14 acres
Minneapolis schools
MLS# 6702518
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Property Description
BOSSEN TERRRACE OFFERS FIVE 1-BD AND 1-STUDIO APARTMENTS. CONSTRUCTED IN 1961 FEATURES ALL-BRICK EXTERIOR WITH NEWER LARGE WINDOWS, CLEAN COMMON AREAS AND COIN OPERATED WASHER AND DRYER. RESIDENTS PAY FOR THEIR OWN UNIT ELECTRIC. OWNER PAYS FOR HEAT, WATER AND TRASH. LOCATED CLOSE TO MOA, AIRPORT, AND DT MPLS!!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$570,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1961
State:
MN
Property Style:
Other
Zip Code:
55417
Neighborhood/Area:
Wenonah
Subdivision Name:
Sanders 2nd Add
Interior
Ceiling Height:
8-10
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Finished
- Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
6
Air Conditioning:
Wall Unit(s)
Foundation Size:
2,500 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
Parking Lot
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
0.14
Geolocation:
44.898546, -93.226276
Inclusions:
Building, Land, Leases, Rental License
Lot Dimensions:
40 x 120
Zoning:
Residential-Multi-Family
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$1,714
Annual Fuel Expense:
$1,919
Annual Insurance Expense:
$4,648
Annual Gross Expense:
$26,004
Annual Trash Expense:
$2,271
Annual Water/Sewer Expense:
$2,685
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,416
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,416
Income
Annual Gross Income:
$69,571
Rent
Annual Net Income:
$43,566
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Apartment Cash Flow, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.