Address
810 6th Street SE Minneapolis, MN
Price
$ 1,010,000
Property Attributes
  • ID#5768571
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • NeighborhoodMarcy Holmes
  • Zip55414
  • StyleResidential Income
  • Year Built1902
  • Taxes$ 10447
  • Price$ 1,010,000
  • Bedrooms11
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage4200
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Edina Realty, Inc.
Data Source:
NorthstarMLS
Property Description

Incredible opportunity to expand your portfolio in Dinkytown/U of M college housing! 806 & 810 6th Street SE are being sold as a package deal with a shared 20-space parking lot (806 6th Street SE - MLS #5767997 to occur concurrently with the sale of 806 6th St. SE). Price for both properties is $1,595,000. OVER 200k invested in CapEx for both properties in 2021 (see CapEx in supplements)! TRUE 6.11% cap rate. Annual gross income for both 806 & 810 $154,800. All units filled with no vacancy until August 2022 (except 810 unit 1 leased until August 2021, in process of leasing for 2021-2022). Can lease additional parking spaces for a total projected gross income of $171,300 in 2021-22. 806 is a duplex that can be converted to a triplex (see market expansion in Proforma/supplements). Complete due diligence/CapEx/financials/Proforma/market expansion/survey dropbox link available upon request, contact listing agent. Please refer to summary/detail pages for both 806 and 810 in supplements!!

Price History
6/3/2021 Listed $1,010,000

General Features

Accessibility None
Association Amenities Porch
Basement Shared Access, Storage Space, Unfinished
Construction Materials Stucco
Contingency None
Fuel Expense 2992
Heating Hot Water
High School District Minneapolis
Lender Owned No
New Construction No
Parking Features Other, Paved, More Parking Onsite for Fee
Property SubType Triplex
Property Type Residential Income
Roof Age 8 Years or Less, Asphalt
Sewer City Sewer/Connected
Standard Status Active
Tax Annual Amount 10447
Total Units 3
Water Sewer Expense 4128
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 4200
Fireplace Y/N No

Exterior Features

Foundationarea 1638
Lot Dimensions 33x165
Lot Size Area 0.13
Lot Size Units Acres
Water Source City Water/Connected
Waterfront Y/N No

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 Multi-Family Average in 55414

Price
AVG $570K
$1.01M
Taxes
AVG $7,100
$10,447
Visits
AVG 58
45
Year Built
AVG 1917
1902
Walkscore
AVG 78
75
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.