2545 Cedar Avenue S, Minneapolis, 55404

NEWResidential Income - Duplex Up and Down For Sale in Auditors Sub 016

$399,000

Beds
Baths
Sqft
.24Acres
1912Built
3DOM
MLS® #: 5505680
Active, 3 Days on Market

Cash flowing up/down duplex in South MPLS. Both units leased through end of May 2020, top unit for $1,900/mo and bottom unit for $1,690/mo. Top unit tenant has renewed lease through May 2021 at $1,950/mo and bottom unit would like to renew year long lease if new owner does not owner occupy. Never been vacant! Close to light rail, colleges, and short drive to downtown MPLS & Downtown St. Paul. Split gas & electricity for both units, paid by tenants. Great option for an owner occupant or investor looking to add to their portfolio. Both large 3bed/1bath units. The upstairs unit has additional bonus space. Coin operated laundry on site. There are a couple major value add opportunities with adding a potential 3rd unit in the basement and the potential to split the double lot and sell or develop the new lot. ***Video footage available upon request. Please reach out to listing agent, Lars Anderson.

Essential Information

MLS® #: 5505680
Price: $399,000
Acres: 0.24
Year Built: 1912
Type: Residential Income
Sub-Type: Duplex Up and Down
Status: Active

Community Information

Address: 2545 Cedar Avenue S
Area: East Phillips
Subdivision: Auditors Sub 016
City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404

School Information

District: Minneapolis

Additional Information

Days on Market: 3
Zoning: Residential-Multi-Family

Listing Details

Listing Office: RE/MAX Results

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Anchor Realty LTD

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Listing information last updated on April 7th, 2020 at 12:03pm CDT.