830 5th Ave SE
Minneapolis, MN 55414
List Price
$725,000
Initial Investment
$197,563Features
Occupancy
Occupied
Lease Start
03/21/2020
Lease End
03/30/2022
Property Type
Fourplex
Lot Size
6,534
HOA
None
Flood Risk
Not Required
- Quadruplex property, all units are currently occupied
- A vibrant mashup of college-town coffee shops, plus refined dining and lodging for when the parents come to visit. During Gophers sporting events, the neighborhood amps up the excitement at sports bars and restaurants. Arts lovers find plenty to engage with, too, at cultural meccas Northrop Auditorium, the Frederick R. Weisman Art Museum and the iconic Varsity Theater.
- Tenant pool is wide from student looking for housing. Leases are for 12 months and due monthly. Leases can be found to be more than one year, as students look to minimize moving and keep houses within social groups.
- Learn more about Minneapolis here
See more in Analysis
Annual Financial Highlights
Expected Rent
$55,803Expenses
-$11,729Property Taxes
-$10,100Loan Payments
-$31,151Net Cash Flow
$2,823See more in Financials
Property Characteristics
Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
- This property will be professionally inspected before closing.
- You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
- Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
Property Management
Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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