About 2409 Lyndale Avenue S
The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units, including a bakery. All the units, except residential unit 202, are owned by one owner. The property has been converted to condos so each of the 6 units has its own PID. Potential for owner-occupant to purchase one of the residential unit 202. The owner of unit 202 currently owns the only garage in the back plus 2 parking spaces on the back side of the property. The entire site has 15 parking spaces. Heating updates are in process including on-demand hot water for unit heat in 4 units. Cap Rate: 7.15%. Gross Potential Income $122,000+. High visibility location. Open to creative financing.
Features of 2409 Lyndale Avenue S
| MLS® # | 6785866 |
|---|---|
| Price | $963,500 |
| Acres | 0.27 |
| Year Built | 1911 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 2409 Lyndale Avenue S |
|---|---|
| Area | Whittier |
| Subdivision | Cic 1833 Ecopolitan |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55405 |
Amenities
| Amenities | Coin-op Laundry Owned |
|---|---|
| Utilities | Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate |
| Parking | Carport, Detached, Paved |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Range, Refrigerator |
|---|---|
| Heating | Boiler, Forced Air |
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Some Trees |
|---|---|
| Roof | Age Over 8 Years, Rubber |
| Construction | Brick/Stone, Vinyl Siding |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 27 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Metro Group Real Estate |
|---|