4935 34TH AVENUE
4935 34th Avenue, Minneapolis, 55417, MN
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Price: $450,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Minnehaha
Bedrooms: 0
Property Size :0
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Listing Agent: NST10642,NST225971
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Property type : Commercial Sale
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Zip code: 55417
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Street: 4935 34th Avenue
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Street: 4935 34th Avenue
Bathrooms: N/A
Year: 1923
Listing Brokerage: Keller Williams Premier Realty Lake Minnetonka
FEATURES
- Refrigerator
- Washer
- Microwave
- Freezer
- Cooktop
- Wall Oven
- Stainless Steel Appliances
DETAILS
PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: Storage Space, Tile Shower,
Appliances Included:
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- Refrigerator
- Washer
- Microwave
- Freezer
- Cooktop
- Wall Oven
- Stainless Steel Appliances
EXTERIOR
Air Conditioning: Central Air
Garage Spaces: 2
Construction Materials: N/A
Foundation Size: 1032ft²
Unit Amenities:
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- Deck
- Hardwood Floors
- Security System
Heating System:
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- Radiator(s)
LOT
Acres: N/A
Lot Size Dim.: 40x134
Longitude: 44.9132
Latitude: -93.2224
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $10,293
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADITIONAL INFORMATION
MLS#: NST7753754
Listing Brokerage: Keller Williams Premier Realty Lake Minnetonka
ID: 3739688
Published: June 04, 2025
Last Update: June 04, 2025
Views: 3
