Investment Overview

Marcus and Millichap is pleased to present for sale, 2200-22 W 98th St, an eight unit apartment building in the City of Bloomington, MN. This is a great opportunity for an investor to purchase a high yield, renovated, asset in the highly-sought-after submarket of West Bloomington. Constructed in 1972, this property is comprised of 8 three-bed/one-bathroom units. Current rent starts at $1,350 and goes up to $1,716 per month with the average rent being $1,635. 7 out of 8 units have been fully renovated with modern finishes. Notable apartment features include in-unit washers & dryers, central heat and air, dishwashers, garage parking, and access to a private fenced-in backyard, perfect for a summer BBQ. Situated on a 32,234 square foot lot, this asset boasts ample parking spaces and a garage for each unit. Located in the City of Bloomington, Minnesota’s 4th largest city, 2200-22 W 98th St benefits from the confluence of major interstates such as 494, 35W and 169 making travel in all directions for work or play a breeze. Adventure seekers will appreciate the parks and trails that run along the Minnesota River, the neighborhood’s southern border. Surrounded by cozy neighborhoods as well as picturesque parks and lakes, Downtown Minneapolis is a 20 minute drive away.