*SUMMARY* -- Newly renovated Victorian-style property with 3 units (total of 3,921 square feet with 6 bedrooms) in the historic Minneapolis neighborhood of Old Highland located one mile (five minutes) from downtown Minneapolis with potential for profitable rental income as an occupant or investor. *LOCATION* -- Located one mile from downtown Minneapolis in the historic neighborhood of Old Highland. -- Easy access to highways 55, 94, 35W, and 100. -- Five minute drive to Target Field and the North Loop. -- Walking distance to public transit (bus routes) and designated bike paths for commuting. -- Quick UBER / LYFT ride to restaurants, nightlife, and concerts. -- Five minute drive to hiking trails, recreational biking and cc skiing paths, and golf course at Theodore Wirth Park. *INCOME* *OWNER AS INVESTOR* -- Ask us for a profit analysis based on the projected rental income and the historical utilities and expenses. -- All 3 units are currently open and available to be rented using your lease terms and language. -- Property has been well managed for over 30 years by highly responsive and dedicated property owners. *OWNER AS OCCUPANT* -- Offers the unique opportunity for the owner to live in one unit and lease the other two units providing enough rental income to pay the mortgage and expenses. *FEATURES* -- Entire property was completely renovated in 2019 - 2020. -- Renovation included replacing cabinets, kitchen flooring, countertops (granite and formica), sinks, faucets, appliances, bedroom carpet, bathroom tile (walls and floors), vanities, shower doors, and shower heads. -- All new paint on exterior, interior (including basement), and garage (exterior). -- Property has 3 units including one 3-bedroom unit, one 2-bedroom unit, and one 1-bedroom unit. -- First floor unit has 10 ft. ceilings and second floor units have 9 ft. ceilings. -- All units have solid hardwood floors and woodwork. -- Excellent daylighting is provided by the expansive windows. -- Second floor 2-bedroom unit has a seasonal porch (13.5 ft x 4 ft). -- Second floor 1-bedroom unit has an outdoor deck (12 ft x 20 ft). -- Laundry room has a coin-operated washer and dryer. -- Property has multiple storage spaces. -- Mechanical systems include radiator hot water heat. -- Property was originally built in the early 1900s. *LAYOUT* *PRIMARY SPACES* -- THREE BEDROOM unit on the first floor is 1,379 square feet with spaces including a kitchen with dining nook and pantry, dining room, living room with fireplace, 1 full bath, multiple closets, and 3 bedrooms. -- TWO BEDROOM unit on the second floor is 704 square feet with spaces including a kitchen, living room, porch (seasonal with screened windows), 1 full bath, closets, and 2 bedrooms. -- ONE BEDROOM unit on the second floor is 629 square feet with spaces including a kitchen, pantry, living room, 20 ft. X 12 ft. private deck (off of the bedroom), 1 full bath, closets, and 1 bedroom. *SECONDARY SPACES* -- Basement spaces include a laundry room (8 ft x 10 ft), mechanical room, 2 storage rooms (28 ft x 10 ft and 6 ft x 8ft), large work room (28 ft x 14 ft), and additional open areas. -- Attic space is unfinished but has potential to add additional space to the property. -- Other spaces within the property include front porch entry, back porch entry, side entry, front stairway, back stairway, and landings. *EXTERIOR SPACES* -- Detached garage with 2 stalls and 1 storage stall. -- Private off-street asphalt parking pad (72 ft x 22 ft) and easily available street-parking. -- Large grassy, partially fenced backyard.
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