2800 Broadway Avenue
Minneapolis, MN 55411
MLS #4852968

Commercial
  • 0.16acres
$425,000
Est. P&I payment: $1623.21/mo
2800 Broadway Avenue, Minneapolis, MN 55411
  • 2800 Broadway Avenue, Minneapolis, MN 55411 Photo 1
  • 2800 Broadway Avenue, Minneapolis, MN 55411 Photo 2
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Description for 2800 Broadway Avenue, Minneapolis, MN 55411
Very Motivated. Steps away from Victory Mem Pkwy & N Memorial hospital. This 10,000+sqft building has 6 office units & 5 tenants. Fully occupied w/very loyal tenants, 2 have rented for 30+ years. Unique wedge shaped building that occupies entire 3 block footprint. 3 units have full basements. Rent now is close to $6k/mo, room for rent increase. Owner has kept rent low to keep full occupancy. Great opportunity here.
MLS #4852968
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My Notes for MLS #4852968

General Features

  • Acres: 0.16
  • Current Use: Business Service,​Professional Service,​Warehouse,​Commercial
  • Foreclosure Status: No
  • Year Built: 1926
  • Sale Includes: Business,​Land,​Leases
  • Total Number of Units: 6
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: On-Street Parking Only
  • Road Frontage: City,​Curbs,​Sidewalks
  • Lot Description: Irregular Lot
  • Lot Dimensions: irregular
  • Other Parking Spaces: 1

Interior Features

  • Building Finished Square: 11,184
  • Handicap Accessible: None
  • Basement: Walkout,​Full,​Day/Lookout Windows,​Egress Windows,​Concrete Block
  • Roof: Flat,​Age 8 Years or Less,​Rubber
  • Number of Units 1: 1

Utilities Features

  • Appliances: Refrigerator
  • Air Conditioning: Window
  • Heating: Forced Air
  • Fuel: Natural Gas,​Oil
  • Water: City Water/Connected
  • Number of Ranges: None
  • Number of Refrigerators: Two
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 5,396
  • Annual Fuel Expense: 12,276
  • Annual Insurance Expense: 2,018
  • Annual Maintenance Expense: 1,500
  • Annual Repair Expense: 1,500
  • Annual Gross Expense: 43,110
  • Annual Trash Expense: 1,440
  • Annual Water/Sewer Expense: 2,221
  • Tenant Expenses: None
  • Total Annual Income: 59,700
  • Unit 1 Monthly Rent: 650
  • Unit 2 Monthly Rent: 795
  • Unit 3 Monthly Rent: 600
  • Unit 4 Monthly Rent: 530
  • Unit 5 Monthly Rent: 900
  • Unit 6 Monthly Rent: 1,500
  • Total Monthly Income: 4,975
  • Annual Net Income: 16,590
  • Tax Amount: 14,174
  • Tax With Assessments: 14,505
  • Tax Year: 2016
  • Annual Gross Income: 59,700

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Jordan

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: Concrete Floors & Walls
  • Amenities - Unit: Kitchen Window,​Local Area Network
  • Foundation Size: 5,592
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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The listing information for 2800 Broadway Avenue, Minneapolis, MN 55411 was graciously provided by our friends at the listing brokerage, Home Avenue - FSBO

Get Financing for 2800 Broadway Avenue, Minneapolis, MN 55411

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $1623.21
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Last Updated 11/21/2017 at 7:13pm
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