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Off-Market

1901 Park Ave

Minneapolis, MN 55404, USA

List price

$350,000

19

beds

4

baths

3,391

sq ft

1900-01-02

built

Single Family

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Story

Wholesaler Listing

Single Room Occupancy (SRO) with 19 bedrooms!

Rental investor numbers

  • Current occupancy: 11 BR x $600/room: $6,600/month
  • Full occupancy: 19 BR x $600/room => $11,400/month

Floorplan

  • 1st floor: 8 BR, 1 kitchen, 2 bathrooms
  • 2nd floor: 8 BR, 1 kitchen, 2 bathrooms
  • Attic: 3BR 

Estimated rehab: $100,000

  • Replace flooring
  • Rehab kitchens  
  • Paint

Property details

17 details the seller has shared

17 details

Property

· The bones — what the buyer sees first

Bedrooms

19

Full baths

4

Finished sq ft

4,859 sq ft

Above-grade sq ft

3,391 sq ft

Below-grade finished sq ft

1,468 sq ft

Year built

1900

Stories

3

Units

1

Property type

Single Family

Occupancy

Rental Property

Condition (1–5)

2

County

Hennepin County

Financials

· What it earns and what it costs to hold

Tax-assessed value

$199,000

Property tax rate

1.6%

Cap rate

14%

Cash-on-cash return

14%

Features

· Comfort, climate, and curb appeal

Basement

Partially Finished

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