$908,000
$916,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
3044 James AVE S Minneapolis, MN 55408
6,969 Sqft Lot
Key Details
Sold Price $908,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Calhoun Park
MLS Listing ID 5492876
Sold Date 04/17/20
Year Built 1909
Annual Tax Amount $14,191
Tax Year 2019
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 53x129
Property Description
This extremely rare investment property in East Calhoun's with a Golden Rental address only a block from the Lake. It's truly a diamond in the rough that has great cash flow already in place. The "value added" rents are about 20% below market for the Vintage building. It has a new roof, siding, boiler, and most of the windows have been replaces. Bring your ideas for a little cosmetic rehab and update the rents in the process! This is truly a CASH COW with some HUGE Upside with an AR1 zoning. The property has lots of charm and every unit is unique with hardwood floors, built in buffet's, decorative fireplace, and multi faceted layout ready for your creativity! Hurry this won't last!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Egress Window(s), Finished, Other
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplace No
Appliance Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
Exterior
Parking Features Detached, Driveway - Other Surface
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less,Asphalt
Present Use Residential
Building
Lot Description Corner Lot, Tree Coverage - Light
Foundation 1720
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Vinyl Siding
Schools
School District Minneapolis
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP