Active
2641 Lyndale Avenue S
Minneapolis MN, 55408
$600,000
$226.24 per sqft
Active
2,652 sqft
Multi-family
Built in 1912
This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed.
The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.
Start charging for laundry and parking to further boost the bottom line & NOI.
Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.
With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.
Connect with Nate for more detailed information & other off-market opportunities.
6631730
MLSⓇ ID
December 3, 2024
Listed
December 4, 2024
Updated
Map
2641 Lyndale Avenue S
Minneapolis MN, 55408
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Boiler
Exterior/Building Features
Lot Size
0.12 Acres
Roof
Age Over 8 Years, Flat
Sewer
City Sewer/Connected
School Information
School District
Minneapolis
Other Property Details
Taxes
$8,924
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
Parking Lot
View
No
County
Hennepin
Water Source
City Water/Connected
Pool
No
Courtesy of MRG Realty Partners, LLC
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Data last updated 2:39 AM UTC, 12/4/2024