About 612 University Avenue Se
Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer. All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units. New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs. Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original condition, providing a clear path to increased cash flow and value. Buyer and Buyer's Agent to verify square footage.
Features of 612 University Avenue Se
| MLS® # | 7127269 |
|---|---|
| Price | $1,100,000 |
| Bedrooms | 14 |
| Bathrooms | 9.00 |
| Acres | 0.29 |
| Year Built | 2000 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 612 University Avenue Se |
|---|---|
| Area | 50 |
| Subdivision | Saint Anthony Falls |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55414 |
Amenities
| Utilities | Electric Separate |
|---|---|
| Parking | Off Site, Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Aluminum Siding |
|---|---|
| Lot Description | Public Transit (w/in 6 blks) |
| Roof | Age Over 8 Years, Asphalt |
| Construction | Block, Concrete, Frame |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 26 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $22,011 |
Listing Details
| Office | Fuze Real Estate |
|---|