Courtesy of: Gary P Bennett, Lakes Area Realty of Minneapolis, gary@lakesarearealty.com
Courtesy of: Gary P Bennett, Lakes Area Realty of Minneapolis, gary@lakesarearealty.com
$849,000
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11 bed
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Lot: 0.15 Acres
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Other
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$849,000
2316-18 Aldrich Avenue S Great investment 4-plex opportunity with good cash flow. All units are rented and the property has an excellent rental history. Well maintained and updated. New electrical system. Three spacious 2 bedroom one bath units and a large 2-floor 5 bedroom and two bath unit. Separate electrical and gas for each unit. Unit 1 leases for $1, 390/month at $1, 390 through August 31, 2026. Unit 2 leases for $1, 420/month through July 31, 2026. Unit 3 leases for $1, 410/month and is a month-to-month contract. Unit 4 leases for $2, 440/month through May 31, 2026. Original features include a classic front porch, hardwood floors, leaded glass windows. A driveway is on the Southside of the property. Located in a historically designated area. Highly walkable to the Hennepin and Lyndale corridors with stores, restaurants and entertainment venues close by.
Courtesy of: Gary P Bennett, Lakes Area Realty of Minneapolis, gary@lakesarearealty.com
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