$950,000
$1,050,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
3125 Colfax AVE S Minneapolis, MN 55408
6,534 Sqft Lot
Key Details
Sold Price $950,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Remingtons 2Nd Add
MLS Listing ID 6553258
Sold Date 09/30/24
Year Built 1927
Annual Tax Amount $21,739
Tax Year 2023
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 52 x 129
Property Description
10-Unit classic brownstone apartment building built in 1927. Nine 1-bedroom units and 1 studio. Rents are currently below market. 1-bedroom units are approximately 700 sf and the studio is approximately 500 sf. Property is in very good condition with lots of classic character. Updates include a new roof in 2020, new boiler in 2006, 3 hot water heaters, one is new and updated electrical. Location is key with this property in the South Uptown neighborhood about one and half blocks south of West Lake Street and 10 blocks east of Bde Maka Ska. Walk to Uptown! Income opportunity: increase laundry load cost from $1.00 to $1.75, charge for off-street parking and storage locker rental.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Brick/Mortar
Interior
Heating Boiler
Cooling Window Unit(s)
Fireplace No
Appliance Freezer, Range, Refrigerator
Exterior
Garage Concrete, Parking Lot
Utilities Available Electric Separate, Heating Common, Hot Water Common
Present Use Residential
Building
Lot Description Tree Coverage - Light
Foundation 3440
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone
Schools
School District Minneapolis
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