Ignite FB Tracking Pixel1802 11th Avenue S, Minneapolis, MN 55404 - The Royal Home Team
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listing
1 of 16
CommercialFor Sale
$1,900,000
1802 11th Avenue S
Minneapolis, MN 55404
Listing Office: Bridge Realty, LLC
MLS: Northstar MLS
Est. Mortgage
$9,907/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 current leases are month to month. POSSIBLE ASSUMPTION OF ABOUT $1,000,000 AT 3.5% ! 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.

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