3555 Bloomington Avenue, Minneapolis, MN 55407

This well-maintained 4-plex, located on the northeast corner of Bloomington Avenue and 36th Street, is a great opportunity for a light value-add investor or owner-occupant buyer. These 1 bedroom units are some of the largest around (approximately 800 sq. ft.) and features original wood accents including built-ins, wood beams, cabinets, and floors. Gas and electric are separately metered, keeping owner expenses low and protecting cash flow from utility inflation. The basement is spacious and organized, with plenty of extra storage and shared laundry (one set, machines owned by the seller). Each unit has a sunroom that could be converted into a small bedroom by adding a closet and obtaining proper approvals to further increase income and rentability. The backyard offers a private, secluded feel with a tall fence and enough space for a garden or dog area. A large two-stall garage provides additional income potential (estimated at $200+ per month!) or can be used for storing building … read more …