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Multifamily

James Avenue Apartments

2910 James Ave S, Minneapolis, MN 55408

Listing Price: $700,000

Cap Rate
5.97%
Number of Units
7
GRM
6.33
Price/Unit
$100,000
Price/Gross SF
$84.34
Gross SF
8,300

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale, 2910 James Ave S, a seven-unit multifamily community in the City of Minneapolis, MN. This a truly rare opportunity for an investor to acquire a legacy asset just steps from Bde Maka Ska and the Chain of Lakes in the lively submarket of Uptown.

2910 James sits at the edge of Minneapolis’ Uptown neighborhood, Lake of the Isles, and Lake Bde Maka Ska. As a pair early 20th century builds, these spacious units boast original charm through their built-in cabinetry, historic trim, and well-cared-for hardwood floors. A combined total of 7,100 rentable square feet yields seven units offering spacious layouts across a predominately two-bedroom unit mix.

The Uptown neighborhood is southwestern Minneapolis’ commercial district: the heart of the Isles community. Steps from the building itself is access to the Midtown Greenway and Bde Maka Ska. Near popular destinations for retail, recreation, nightlife, and cultural events, James Avenue Apartments is an attractive location for young professionals looking to enjoy all the attractions that the Twin Cities has to offer.

James Avenue Apartments offers an investor a truly rare opportunity to acquire a very well located legacy asset steps from the highly coveted Lakes Area of Minneapolis.

Investment Highlights

  • Location: Steps from Bde Maka Ska and Lake of the Isles Allowing Tenants to Access Trails, Parks, Boating and Other Recreation All Within Walking Distance.
  • Long Term Ownership: First Time on the Market in About 50 Years
  • Historical Character: Handsome Construction Built to Withstand the Test of Time. Craftsman Interiors with Built-In Cabinets, Hard-Wood Floors, and Wood Trim.
  • Larger Units: Mostly Over-Sized Two Bedroom Units. Average Rent of $1,279

Exclusively Listed By

Multifamily

James Avenue Apartments

Listing Price: $700,000

Cap Rate
5.97%
Number of Units
7
GRM
6.33
Price/Unit
$100,000
Price/Gross SF
$84.34
Gross SF
8,300

Investment Highlights

  • Location: Steps from Bde Maka Ska and Lake of the Isles Allowing Tenants to Access Trails, Parks, Boating and Other Recreation All Within Walking Distance.
  • Long Term Ownership: First Time on the Market in About 50 Years
  • Historical Character: Handsome Construction Built to Withstand the Test of Time. Craftsman Interiors with Built-In Cabinets, Hard-Wood Floors, and Wood Trim.
  • Larger Units: Mostly Over-Sized Two Bedroom Units. Average Rent of $1,279

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present for sale, 2910 James Ave S, a seven-unit multifamily community in the City of Minneapolis, MN. This a truly rare opportunity for an investor to acquire a legacy asset just steps from Bde Maka Ska and the Chain of Lakes in the lively submarket of Uptown. 2910 James sits at the edge of Minneapolis’ Uptown neighborhood, Lake of the Isles, and Lake Bde Maka Ska. As a pair early 20th century builds, these spacious units boast original charm through their built-in cabinetry, historic trim, and well-cared-for hardwood floors. A combined total of 7,100 rentable square feet yields seven units offering spacious layouts across a predominately two-bedroom unit mix. The Uptown neighborhood is southwestern Minneapolis’ commercial district: the heart of the Isles community. Steps from the building itself is access to the Midtown Greenway and Bde Maka Ska. Near popular destinations for retail, recreation, nightlife, and cultural events, James Avenue Apartments is an attractive location for young professionals looking to enjoy all the attractions that the Twin Cities has to offer. James Avenue Apartments offers an investor a truly rare opportunity to acquire a very well located legacy asset steps from the highly coveted Lakes Area of Minneapolis.

Exclusively Listed By

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