3606 34th Street East

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3606 34th Street East

Minneapolis, MN 55406
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

6 Units <ul><li>​Spectacular six unit recently renovated with all new kitchens and bathrooms</li><li>​Unit mix has five one-bedroom and one studio, all with one full bathroom</li><li>​Three story all-brick exterior, sitting on 0.13+ acres with off street parking lot</li><li>​100% fully rented with on-site coin operated laundry and a newer water heater and high efficiency boiler</li><li>​Average one-bedroom rents are $1,296 and the studio is at $1,195</li><li>​This asset is in turn-key condition with a s

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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