Drive Results Realty
Mike Peterson, Drive Results RealtyPhone: (612) 226-7467
Email: [email protected]
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listing
1 of 16
CommercialFor Sale
$1,995,000
1802 11th Avenue S
Minneapolis, MN 55404
Listing Office: Bridge Realty, LLC
MLS: Northstar MLS
Est. Mortgage
$10,398/mo

THIS IS BASICALLY A BRAND NEW BUILDING WITH A BEAUTIFUL BROWNSTONE SHELL ! A return to the pre-covid use of short term stays will be the likely course of action for a new owner. The income was up to $229,000. There are many short term stay platforms now; not just AIRBNB. The owner started out with 12 worn out apartments, gutted the entire building, and put in 6 brand new apartments / condominiums. The units are set up so they can be condos with the values showing up as $450,000 to $480,000. It is very energy efficient; it was insulted with spray foam and has solar panels. Loan assumption on a low interest rate loan of about one million is available.

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