1529 E 38th St

• - 7,893 SF multifamily building with 11 units
• - 11 units each have 1-bedroom and 1-bathroom
• - Zoned CM2 for commercial/multifamily use
• - Prime location in Minneapolis/St. Paul area
• - Currently 100% occupied
• - Excellent investment opportunity
• - Separately metered electrical
• - Over $200k in recent capital improvements
• - New roof, gutters, soffits, downspouts
• - Newer concrete surface parking lot
• - Newer high efficiency boiler and zone valves
• - Newer windows

Property Description

Great cash flowing investment opportunity for sale in Minneapolis! This 11 unit apartment building has 1-bedroom and 1-bathroom in each unit. This building has been very well maintained and has over $200k in recent capital improvements! Each unit has been updated along with all the common areas. Recent building improvements include a concrete surface parking lot, high efficiency boiler and zone valves, roof, gutters, soffits, downspouts, windows, and separately metered electrical. Conveniently located close to restaurants, highways, public transportation, shopping, parks and more. Don’t miss this opportunity to own a quality multifamily property!