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Multifamily

Colfax Flats

2315 Colfax Ave S, Minneapolis, MN 55405

Listing Price: Request For Offer

Number of Units
24
Gross SF
21,848

Investment Overview

Constructed in 1959, this all-brick exterior, garden-style building is comprised of 12 studio/one-bath, 9 one-bed/one-bath, and 3 two-bed/ one-bath units with square footage ranging from 408 to 705 square feet across all apartment types. 5 out of the 24 units have been fully renovated and feature updated kitchens and bathrooms with granite countertops, stainless steel appliances, and refinished hardwood flooring. The community also boasts onsite-laundry, extra storage space, bike storage, and is conveniently set just blocks away from restaurants and shops along the Uptown business corridor on Hennepin Avenue. Nearby retailers in the area include Starbucks, Pizza Hut, Spyhouse Coffee, Sebastian Joe’s Ice Cream Café, Kowalski’s Market, and many others. Located less than two miles from Central Minneapolis, tenants are well-positioned to commute into the metro via private or public transportation, as well as explore recreation found around Lake of the Isles.

Investment Highlights

  • 5 out of 24 Units Have Been Fully Renovated
  • On-Site Laundry, Extra Storage and Bike Storage Space
  • CAPEX; Roof (2012), Re-Landscape (2015), Front Entry Tile & Oak Trim (2016)
  • Proximity to Central Minneapolis and Retail Along Hennepin Avenue
  • Metro Transit Bus Stop With Route into Downtown Less Than One Block Away

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
24
Gross SF
21,848

Investment Highlights

  • 5 out of 24 Units Have Been Fully Renovated
  • On-Site Laundry, Extra Storage and Bike Storage Space
  • CAPEX; Roof (2012), Re-Landscape (2015), Front Entry Tile & Oak Trim (2016)
  • Proximity to Central Minneapolis and Retail Along Hennepin Avenue
  • Metro Transit Bus Stop With Route into Downtown Less Than One Block Away

Investment Overview

Constructed in 1959, this all-brick exterior, garden-style building is comprised of 12 studio/one-bath, 9 one-bed/one-bath, and 3 two-bed/ one-bath units with square footage ranging from 408 to 705 square feet across all apartment types. 5 out of the 24 units have been fully renovated and feature updated kitchens and bathrooms with granite countertops, stainless steel appliances, and refinished hardwood flooring. The community also boasts onsite-laundry, extra storage space, bike storage, and is conveniently set just blocks away from restaurants and shops along the Uptown business corridor on Hennepin Avenue. Nearby retailers in the area include Starbucks, Pizza Hut, Spyhouse Coffee, Sebastian Joe’s Ice Cream Café, Kowalski’s Market, and many others. Located less than two miles from Central Minneapolis, tenants are well-positioned to commute into the metro via private or public transportation, as well as explore recreation found around Lake of the Isles.

Exclusively Listed By

Financing By

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