Residential Income in Minneapolis

$599,900

806 6th, 55414, Minneapolis, MN

Residential Income for sale in Minneapolis, 806 6th, 55414, 3336 m²

806 6th, 55414, Minneapolis, MN

$599,900

8Bed
3Bath
3336
Type: Residential Income

Description

Don't miss this turnkey income-producing opportunity in the heart of Dinkytown, steps from the University of Minnesota campus. 806 and 810 6th Street SE are available together as a bundled package — including a shared 20-space parking lot — for a combined purchase price of $1, 550, 000. When fully occupied these investments have potential to produce combined annual gross income of $171, 000 with additional income opportunity with parking and coin-op laundry. This is a cash-flowing asset in a market that virtually never sleeps. 806 6th Street SE is currently operating as a duplex with a clear path to triplex conversion — a value-add play that savvy investors will immediately recognize. Paired with 810 6th Street SE operating as a triplex, this package offers both immediate income stability and long-term growth potential in one of Minneapolis's most recession-resistant rental corridors. Please note that the sale of 806 will occur concurrently with 810 6th Street SE (MLS 7068805)

Location

806 6th, 55414, Minneapolis, MN

Data

Object TypeResidential Income
Purchase Price$599,900
Living Space3336 m²
Plot SizeN/A
Bathrooms3
Construction Year1902
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHot Water
Primary Energy SourceN/A
Construction Year1902
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent