About
About 3533 2nd Avenue South
Sold
South Minneapolis Value-Add Apartment Building
· Great location in the vibrant “South Minneapolis Neighborhood” of Minneapolis
· Located 5 minutes from downtown Minneapolis and The Lakes
Approximately $250,000 in Capital Improvements
· High-efficiency boiler (2009)
· New Siding (2008)
· All New Windows (2008)
· New Carpet (2014)
· New Doors (2016)
· New Roof (2016)
Upside in Rental Income
· Current rents are approximately 15% below market
· Roughly half of the units have been upgraded
· Sale price includes vacant lot next to property