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The Flats @ Lowry Hill 2200-2204 Hennepin Ave

8 Unit Block of Flats £1,678,525 (£209,816/Unit) 8% Net Initial Yield Minneapolis, MN 55405

INVESTMENT HIGHLIGHTS

  • Gorgeous Mixed-Use property fully leased to Specs Optical, Tao Organic Café + Herbery, and 8 Multi-Family Apartment Units.
  • Tao has been a tenant for 50 years and Specs Optical has been a tenant for 26 years.
  • Excellent demographics with a 5-mile average household income of $114,997 and 5-mile population of 504,289.
  • Located in the Lowry Hill neighborhood of Minneapolis.
  • This property is located near I-94 where traffic counts average 162,177 vehicles per day. Nearby retailers include Starbucks, The Lowry, & more.
  • Eight 1 bedroom, 1 bathroom apartment units with 9 foot ceilings, hardwood & tile floors, 6 foot windows, and claw foot bathtubs.

ATTACHMENTS

CoStar MP

PROPERTY FACTS

Price £1,678,525 Apartment Style Low-Rise
Price Per Unit £209,816 Building Class C
Sale Type Investment Lot Size 0.25 AC
Net Initial Yield 8% Building Size 11,070 SF
No. Units 8 Number of Floors 3
Property Type Multifamily Year Built 1912
Property Subtype Apartment
Price £1,678,525
Price Per Unit £209,816
Sale Type Investment
Net Initial Yield 8%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 11,070 SF
Number of Floors 3
Year Built 1912

UNIT AMENITIES

  • Air Conditioning
  • Heating
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Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 33-029-24-12-0188 Improvements Assessment £1,000,312
Land Assessment £469,651 Total Assessment £1,469,963

PROPERTY TAXES

Parcel Number
33-029-24-12-0188
Land Assessment
£469,651
Improvements Assessment
£1,000,312
Total Assessment
£1,469,963

ZONING

Zoning Code C1
C1
(612) 332-6600

CONTACTS

  • Listing ID: 33296289

  • Date on Market: 15/05/2024

  • Last Updated:

  • Address: 2200-2204 Hennepin Ave, Minneapolis, MN 55405

The Uptown Minneapolis Multifamily Property at 2200-2204 Hennepin Ave, Minneapolis, MN 55405 is currently available. Contact Upland Real Estate Group, Inc. for more information.

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The Flats @ Lowry Hill | 2200-2204 Hennepin Ave
(612) 332-6600 x

The Flats @ Lowry Hill | 2200-2204 Hennepin Ave

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Keith Sturm

(612) 332-6600

(612) 332-6600

Deborah Vannelli

(612) 376-4475

(612) 376-4475

Amanda Leathers

(612) 436-0045

(612) 436-0045

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