3400 10th Ave S
Property Description
Located in the Powderhorn Park neighborhood on Minneapolis's south side, 3400 10th Ave S is a 12-unit multifamily asset offered at $1,250,000. Built in 1966, the property sits directly across from Powderhorn Park's tennis courts and green space, giving tenants immediate access to one of Minneapolis's most recognized 66-acre parks. Three shopping centers are within 1.2 miles, bike trails and neighborhood dining are immediately accessible, and Downtown Minneapolis is just three miles north. North Central University, Augsburg College, and Abbott Northwestern Hospital are all within minutes, generating consistent renter demand across multiple tenant profiles. The Powderhorn Park submarket is well-established and primarily residential, with the neighborhood stability and walkability that keeps occupancy strong through market cycles. A targeted value-add program on turns provides clear rent upside on top of stable in-place cash flow, making this a straightforward acquisition at a compelling basis.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,275,000 |
| No. of Units: | 12 |
| Average Occupancy: | 7.87 |
| Year Built: | 1966 |
| Lot Size: | 0.26 Acres |
| Opportunity Zone: | No |
| Price per unit: | $106,250 |
| Property Website | Click Here |
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