Heidi Schroeder
Broker
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2725 Pleasant Avenue, Minneapolis, MN 55408

$2,400,000
MLS# 7141393
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Heidi Schroeder

Heidi Schroeder
Call: (320) 219-3455

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: J T Blaisdells Rev Add
SCHOOL: Minneapolis
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Property Description

Outstanding value-add investment opportunity in South Minneapolis. This 100%-occupied, 21-unit apartment building at 2725 Pleasant Ave S (1 efficiency, 3 studio/1-bath, 15 one-bedrooms, 2 two-bedrooms, plus 25 surface parking spaces and on-site laundry) offers a buyer immediate cash flow with significant upside as rents move to market.15 units have already been updated, including 5 with new bathrooms, the 21st unit is currently being renovated and reactivated for an added income stream. Major capital items are already addressed ? a full roof and parapet wall rebuild ($350,000, 2023) and a 2026 sewer main lining ? plus fresh common-area paint and new hallway carpet on order.A building-wide RUBS program was implemented within the past 12 months, shifting water/sewer, trash, and electric/gas costs to tenants, and the 25 parking spaces (currently free) offer a straightforward paid-parking upside. Seller financing may be available for qualified buyers.

2725 Pleasant Avenue | MLS# 7141393

This commercial property located at 2725 Pleasant Avenue, Minneapolis, MN 55408 is currently listed for sale with an asking price of $2,400,000. Pleasant Avenue is located within the Minneapolis school district. Search Minneapolis real estate on heidischroeder.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Other
Heating: Other
Lot Size: 0.34 Acres
Stories: 2.0
Taxes: $34,164
Year Built: 1968

Feature Descriptions

Current Use: Residential
Days on Site: 1
Foundation Size: 1
Parcel#: 3402924310071
Parking: Parking Lot
Sale Includes: Building, Leases
Sewer: City Sewer/Connected
Units: 21
Utilities: None Available
Water: City Water - In Street

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Fuze Real Estate
Agency Phone: 612-867-0001

Shown By

Agent Name: Heidi Schroeder
Agent Phone: (320) 219-3455
Agency Title: Counselor Realty

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

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