Off-Market Condo at 2212 Aldrich Ave S, Minneapolis, MN 55405
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2212 Aldrich Ave S, Minneapolis, MN 55405

Unit - #304

$134,900

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Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405
Image of property at 2212 Aldrich Ave S, Minneapolis, MN 55405

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $93 per day and long-term for an average of $1,021 per month, based on similar listings in the area. Estimated short-term cap rate of 6.5%. Estimated long-term cap rate of -1.2%. Beautifully updated top floor turnkey Uptown-Lowry Hill-Wedge condo walkable to restaurants, shops, Wedge Co-op, Midtown Greenway, Lake of the Isles and more! Top floor unit with eastern exposure and peak-a-boo views of downtown. Well maintained building with newer windows in all units, newer roof, resurfaced parking lot. Dedicated off-street parking spot in the building's surface lot. Sun-filled unit that has been fully updated throughout. Kitchen has new fridge and faucet. Full bath with fresh floor to ceiling subway tile. Private storage unit included. Shared laundry, though it’s rare to have to wait a turn. Rentals allowed with restrictions. One block off express metro line to Downtown or the U of MN. Easy access to freeways. HOA includes heat, water and trash. Move right in!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
 $334
Rental Policy
 daily
Yearly Taxes
 $1256
Bedrooms
 1
Bathrooms
 1
SQFT
 568
Furnished
 N/A
Year built
 1968
Listing Status
 Off Market
MLS
 6680613
Short-term Rental Potential
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$22,596

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$237

Price/SQFT
Long-term Rental Potential
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$12,252

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,021/mo

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