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PROPERTY HIGHLIGHTS

3322 Blaisdell Avenue, Minneapolis, MN 55408
$1,499,900

Professionally managed 14 Unit (6 1Br & 8 Studios) Brownstone in the heart of South Mpls featuring spacious studios and one-bedroom apartments with loads of character and charm throughout the building. Located in the Lyndale neighborhood with a great walk score of 83 - Shopping, dining, nightlife and entertainment are within blocks in every direction as well as the famous "Eat-Street".  Newer roof, boiler, common area updates and updated units. 15 off street parking spaces (extra PID behind building). Great addition to any investment portfolio!  No need to get financing, Buyer to assume a very low-interest rate Freddie Mac mortgage of 3.46%, maturing in February of 2031.  Opportunities like this do not come along often.  

Offer Price/Unit:

Offer Price/Bedroom:

Offer Price/NRSF:

Offer Price/Land SF:

Offer Price/Assessed Value:

Annual Gross Potential Income:

CAP Rate (Proforma):

Gross Rent Multiplier:

$107,136

$107,136

$147.05

$194.49

116.40%

​$175,463

6.25%

8.5483

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