Off-Market Condo at 3232 Fremont Ave N, Minneapolis, MN 55412
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3232 Fremont Ave N, Minneapolis, MN 55412

Unit - #317

$83,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $151 per day and long-term for an average of $1,223 per month, based on similar listings in the area. Estimated short-term cap rate of 3.7%. Estimated long-term cap rate of 3.2%. Welcome to this delightful 55+ community condo in The Folwell Neighborhood of Minneapolis, offering a comfortable, turn-key lifestyle in a secure and well-maintained building. This spacious third-floor 2-bedroom unit provides a peaceful view and a bright, inviting atmosphere. This unit boasts two large bedrooms, and the primary bedroom features a sizable walk-in closet. This home is perfect for those seeking hassle-free living in a vibrant community setting. The building is packed with amenities that cater to an active and social lifestyle, including a library, community room, exercise area, and shared laundry facilities on each floor. The building’s security features ensure a safe environment, while on-site management adds an extra layer of convenience and assistance. There is currently a waitlist for reserved parking, and additional fee applies. Located right on a well-connected bus line, this property offers easy access to shopping centers, dining options, and local attractions, making daily errands and leisure activities a breeze. Schedule your showing today and see why this could be your perfect next home!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$502
Rental Policy
daily
Yearly Taxes
$588
Bedrooms
2
Bathrooms
1
SQFT
974
Furnished
N/A
Year built
1985
Listing Status
Off Market
MLS
6698599

Short-term Rental Potential
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$15,102

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$86

Price/SQFT

Long-term Rental Potential
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$14,676

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,223/mo

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