$995,000
629 Oak St SE, Minneapolis, MN 55414
- 10Beds
- 4Baths
- 2679SqFt
- 10Beds
- 4Baths
- 2679SqFt
- Property TypeCondo
- Year Built1900
- Price per Sqft$371
- On highrises9 Days
- Garage1 Car
Property Details
Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living. Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot. The front unit (#1) is currently occupied and generates a robust rental income of $3, 020 per month, with a lease secured through August 26, 2025. The rear unit (#2) is also occupied, commanding a premium rent of $3, 820 per month, with the same lease expiration. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Dont miss out on this remarkable chance to invest in a thriving community!
Property Features
Bedrooms
- Bedrooms: 10
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Laurie Allen
- Brokered by:
- Coldwell Banker Realty
- (612) 920-5605