Sold! Properties Sold by Cotty Lowry.
4127 Linden Hills Blvd
Rare Opportunity! 5-Plex Apartment on Linden Hills Blvd
Only once in a generation or two is one offered this type of opportunity. This beautiful 5-unit apartment building has one of the best addresses in Minneapolis! 4127/29 Linden Hills Boulevard sits high on the hill surrounded by $1M-$2M homes, less than a block from Lake Harriet, the Band shell, Trolley Station and only a couple blocks from Linden Hills Village. It just does not get any better. Four spacious main units have 2+ bedrooms and 2 of these have newer kitchens and appliances plus their own full size, in-unit laundry (2007)! Three of these units have renovated baths. The very sunny 2 bedroom garden level apartment with private entrance from 42nd street was recently redone with new kitchen, bath, new carpet, refinished hardwood floors and new windows in 2013. With lots of natural woodwork and all hardwood floors, the apartments are filled with architectural details that appeal to a tenant you would love to have as a friend and neighbor. A huge 3rd floor expansion space is waiting to be finished as an addition to one of the 2nd floor units. Abundant basement storage is included for each unit as well.Recent exterior renovation/improvements in 2007 include new roof, all new James Hardy siding and new storm windows. Exterior front and side concrete steps were replaced in 2013. Gutters were replaced in 2012.The existing washer and dryer are free and could be upgraded to coin machines to generate additional income. Washing machine was new in 2013.There is tandem, off street parking on the North side of the building.An owner occupant might consider creating a two story townhouse style unit in one of the upper units by expanding into all or part of the huge unfinished attic. One might even consider an elevator added to the building exterior. This option would keep 4 units as rental property and provide substantial rental/retirement income.Besides paying cash, there are financing opportunities from various lenders such as Chase Commercial Banking, or local banks. Another option is to incorporate the entire property into an IRA. We can refer you to various entities for guidance.Go to LindenHillsBlvd.com for more information, floorplans, photos and spreadsheets.This is a PRIME investment/owner occupancy opportunity - please review the units via slide and video shows and review the two cash flow spreadsheets, then call me today for more information or to take a look. I look forward to hearing from you.
View in Google Maps: 4127 Linden Hills Blvd
Listed Price: $1250000
Sq Ft: 6488
Year Built: 1906