228 40TH AVENUE

228 40th Avenue, Minneapolis (Columbia Heights), 55421, MN

DETAILS

Fully rented and updated 8-unit apartment building; 7 two-bedrooms and one studio! Recent updates include a newer boiler, windows, washer/dryer with credit card reader, and new flooring in many units. Enjoy a 7.5% CAP rate at current rents, and some units are renting below market rates.

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: N/A

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: N/A

  • Basement Details: ,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: N/A

  • Garage Spaces: N/A

  • Construction Materials: N/A

  • Foundation Size: 3300ft²

  • Unit Amenities:

  • Heating System:

    • Baseboard
    • Boiler

LOT

  • Acres: N/A

  • Lot Size Dim.: 80x198

  • Longitude: 45.0406

  • Latitude: -93.2644

  • Zoning: Business/Commercial

FINANCIAL & TAXES

  • Tax year: 2025

  • Tax annual amount: $15,847

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADDITIONAL INFORMATION

  • MLS#: NST7759165

  • Listing Brokerage: RE/MAX Results Agency Icon

ID: 3796577
Published: June 17, 2025
Last Update: June 17, 2025
Views: 11