509 6th Street SE | 509 6th St SE
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509 6th Street SE 509 6th St SE
6 Unit Block of Flats £547,711 (£91,285/Unit) 7.37% Net Initial Yield Minneapolis, MN 55414
Investment Highlights
- University of Minnesota Off-Campus Housing Area
Executive Summary
THIS TRIPLEX IS A RARE FIND WITH POTENTIAL TO INCREASE RENTAL INCOME WITHIN THE MARCY-HOLMES NEIGHBORHOOD - A POPULAR UNIVERSITY OF MINNESOTA OFF-CAMPUS HOUSING AREA! BUILT IN 1916, NEWLY REFINISEHD HARDWOOD FLOORS, INTRIOR PAINT, LOVELY SUNROOMS, LARGE DRIVEWAY FOR OFF-STREET PARKING, NEWER ROOF & GUTTERS - OVERALL IN GOOD CONDITION READY TO LEASE. ALL UNITS RENTED WITH STRONG POSSIBILITIES TO INCREASE RENT ROLL AFTER CURRENT LEASES EXPIRE. EACH UNIT COMES WITH APPLIANCES AND IN-UNIT LAUNDRY MACHINES. WALKABLE TO PARKS, RESTAURANTS AND THE UNIVERSITY OF MN. QUESTIONS CALL DAN O'BRIEN AT 612-562-3773
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £54,928 | £7.60 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £54,928 | £7.60 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £14,535 | £2.01 |
Net Operating Income | £40,393 | £5.59 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | £54,928 |
Annual Per SF | £7.60 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £54,928 |
Annual Per SF | £7.60 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £14,535 |
Annual Per SF | £2.01 |
Net Operating Income | |
---|---|
Annual | £40,393 |
Annual Per SF | £5.59 |
Property Facts
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Wooden Floors
- Refrigerator
- Range
- Tub/Shower
- Sunroom
- Yard
- Vinyl Flooring
- Window Coverings
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
6+2 | 1 | - | 3,000 |
3+1 | 2 | - | 1,600 |
2+1 | 3 | - | 1,225 |
1 of 1
Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (99)
zoning
Zoning Code | Multi-Family |
Multi-Family |
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509 6th Street SE | 509 6th St SE
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