810 6th Street SE
Minneapolis, MN 55414
- – beds
- – baths
- 4,200 sqft
- $219 per sqft
- 1902 build
- – on site
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Incredible opportunity to expand your portfolio in Dinkytown/U of M college housing! 806 & 810 6th Street SE are being sold as a “package deal” with a shared 20-space parking lot (806 6th Street SE - MLS #5767997 to occur concurrently with the sale of 806 6th St. SE). Price for both properties is $1,595,000. OVER 200k invested in CapEx for both properties in 2021 (see CapEx in supplements)! TRUE 6.11% cap rate. Annual gross income for both 806 & 810 $154,800. All units filled with no vacancy until August 2022 (except 810 unit 1 leased until August 2021, in process of leasing for 2021-2022). Can lease additional parking spaces for a total projected gross income of $171,300 in 2021-22. 806 is a duplex that can be converted to a triplex (see market expansion in Proforma/supplements). Complete due diligence/CapEx/financials/Proforma/market expansion/survey dropbox link available upon request, contact listing agent. Please refer to summary/detail pages for both 806 and 810 in supplements!!
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Last updated Aug 19, 2023
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MLS# 5768571 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/6/21
Aug 6, 2021
|
Sold | NORTHSTAR | $920,000 | -8.9% |
|
6/3/21
Jun 3, 2021
|
Listed / Active | NORTHSTAR | $1,010,000 | |
|
6/2/21
Jun 2, 2021
|
Coming Soon | NORTHSTAR | $1,010,000 |