810 6th Street SE
Property Description
Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package - including a shared 20-space parking lot - for a combined purchase price of $1,550,000. When fully occupied these investments have potential to produce combined annual gross income of $171,000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 810 6th Street SE is currently operating as a triplex, while 806 6th Street SE a duplex with a clear path to triplex conversion - a value-add play that savvy investors will immediately recognize. Paired together, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 810 will occur concurrently with 806 6th Street SE (MLS 7068739).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $949,900 |
| Year Built: | 1902 |
| Lot Size: | 3,276.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 5 |
ID: 3yd-RMLSMN-7068805
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