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3343 15th Ave S, Minneapolis, MN, 55407

3343 15th Ave S
$580,000

Key Information

$ per SF
$178
Tot. SF
742
Units
5
Type
Apartments

Highlights

• Attractive opportunity for both yield-focused investors and operators seeking value-add potential in a proven rental location
• Desirable unit mix consisting of four one-bedroom units and one three-bedroom unit, appealing to a broad tenant base
• High projected pro forma cap rate of 8.58%, driven by the opportunity to increase NOI through operational efficiencies and reduction of current ownership expenses
• Located directly adjacent to Powderhorn Park, providing tenants with immediate access to trails, green space, recreational amenities, and community events
• Convenient access to major retail, restaurants, and neighborhood amenities along Lake Street
• Off-street parking available
• Recently updated boiler and newer mechanical updates

Photos

Location

Agents

Broker of Record

Kurt Sauer

License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416