Off-Market Condo at 20 2nd ST Ne, Minneapolis, MN 55413

20 2nd ST Ne, Minneapolis, MN 55413

Unit - #P404

$249,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $127 per day and long-term for an average of $1,922 per month, based on similar listings in the area. Estimated short-term cap rate of 1.6%. Estimated long-term cap rate of -2.8%. Premium Old Town location with North Loop loft vibes. Redesigned floor plan offers cozy and unique spaces at the Falls Pinnacle Private Residences. $100,000 transformation in 2024 includes new kitchen, bathroom, appliances, floors, closets, lighting, electric fireplace, and HVAC. Step through your patio door to a sprawling landscaped plaza – an entertainer’s dream! Host rooftop garden parties, enjoy outdoor grilling, and gather around the fire pit to end every perfect evening. Work from home? Take your laptop outside to enjoy the fresh air. Need a break? Recharge with a sunny nap on a chaise lounge. AAA+ amenities include deeded underground parking, a 24/7 gym, indoor pool, sauna, steam room, hot tub, yoga, party room, lounge, library, movie theater, and three garden terraces on your floor. Walk to St. Anthony Main, Riverplace, and East Hennepin shops restaurants and retailers. Pet-friendly building is perfect for four-legged families. Rentals allowed. Make this your new home today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$940
Rental Policy
daily
Yearly Taxes
$2818
Bedrooms
1
Bathrooms
1
SQFT
909
Furnished
N/A
Year built
1983
Listing Status
Off Market
MLS
6689867

Short-term Rental Potential
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$34,140

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$274

Price/SQFT

Long-term Rental Potential
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$23,064

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,922/mo

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