830 5th Ave SE

Minneapolis, MN 55414

Part of Minneapolis Portfolio - University Neighborhood

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3 bd, 1 ba | 4,800 sqft | Built in 1925

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For Sale

Exclusive

Portfolio Sale

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List Price
$725,000

Initial Investment

$197,563
Pre-approval letter or proof of funds required.
Features

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

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Annual Financial Highlights

Expected Rent

$55,803

Expenses

-$11,729

Property Taxes

-$10,100

Loan Payments

-$31,151

Net Cash Flow

$2,823

See 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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