Lot Size:0.79 Acres
Exceptional Investment Opportunity with long-term tenants.
Address:1201 E Lake Street Minneapolis, MN 55407
Features / Amenities
Amenities: Natural Woodwork, Hardwood Floors, Tiled Floors, Paneled Doors, Security System, Indoor Sprinklers, In-Ground Sprinkler, Ethernet Wired, Multiple Phone Lines
Appliances: Microwave, Refrigerator
Air Conditioning: Central
Heating: Forced Air
Fuel: Natural Gas
Lot Size: 0.79 Acres / 34412.4 Sq. Ft.
Lot Description: Corner Lot, Tree Coverage - Light, Zero Lot Line, City Bus (w/in 6 blks)
Water: City Water/Connected
Sewer: City Sewer/Connected
Utilities: Heating Separate, Electric Common, Hot Water Common
Road Frontage: City, Paved Streets, Curbs, Sidewalks
Directions:East Lake Street just east of 12th Ave S.
Tax and Financial Info
Sale Includes: Building, Land, Leases
Tax Amount: $69, 438.00
Tax Year: 2019
Annual Gross Expense: 270000.00
Total Annual Expenses: 5000
Annual Gross Income: 507084.00
Annual Net Income: 267084.00
Annual Trash Expense: 3271
Annual Maintenance Expense: 6272
Annual Insurance Expense: 5800
WALKING AND TRANSPORTATION
Similar Recently Sold
Listing Information Last Updated 7/15/2020
Listing provided courtesy of Edina Realty, Inc..
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1201 E Lake Street
Minneapolis, MN 55407
Minneapolis, MN 55407
List Price: $3,100,000
MLS # 5208443: This property at 1201 E Lake Street, Minneapolis, MN 55407 is located in the Powderhorn Park subdivision and is listed for $3,100,000. MLS # 5208443 has been on the market for 40 days.