Brooklyn Blvd

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Brooklyn Blvd

Minneapolis, MN 55429
Asking Price
$2.69M
Asset Type
Multifamily
Class
Class B

What's Special

Multifamily Development Opportunity featuring 6 existing units and 15 approved future units. <ul><li>​Two Completed Triplexes Newly built and ready for occupancy or lease-up, offering immediate income potential and demonstrating the quality and design standard approved for the site.</li><li>​Full Entitlements for Five Additional Triplexes The remaining development program is 100% entitled, eliminating entitlement risk and significantly reducing development timelines. All discretionary approvals have been secured.</li><li>​ Completed Site Work & Infrastructure All major horizontal improv

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NOI
$80,000
Cap Rate
2.97%
DSCR
0.50
Underwater
Cash-on-Cash
-9.88%
Monthly Payment
$13,308.652
Annual Cash Flow
$-79,703.827

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