New Construction - No HOA Fees - Lease to Own
Address
4738 Grand Avenue S, Minneapolis, MN
Price
$ 8,395,000
Property Attributes
  • ID#6238393
  • TypeCondos
  • CountyHENNEPIN
  • CityMinneapolis
  • Zip55419
  • StyleHigh Rise
  • Year Built2023
  • Taxes$ 15074
  • Price$ 8,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18431
  • Lot Size10,890 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

This listing is for the purchase of a 'To-Be-Built' 23-unit luxury apartment building in the Tangletown neighborhood in Southwest Minneapolis. The entitlements have been approved and the building permit has been applied for. Pre-cast concrete is ordered and subcontractors are lined up! The construction is set to start upon building permit approval. Estimated start is late August / early September and completion is fall of 2023. Option to purchase this four-story luxury building now for a turn-key apartment upon completion or partner with developer / builder now at the start. Please contact for more information on partnership / joint venture. Stated NOI assumes no vacancy. ***Open for outright entitled land sale for $1,895,000 that includes all project approvals, land, A&E, MEP, etc. and all docs with a permit ready. Willing to build at cost with a construction management fee in an 'open-book' full transparency model with amicable buyer or partner terms.

Price History
7/27/2022 Listed $8,395,000

General Features

Accessibility Doors 36 +, Accessible Elevator Installed, Grab Bars In Bathroom, Hallways 42 +, Wheelchair Ramp(s)
Additional Parcels Description 1502824220255
Additional Parcels Y/N Yes
Amenities Unit Balcony, Cable, Ceiling Fan(s), City View, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Other, Patio, Porch, Security System, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet
Appliances Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Other, Range, Refrigerator, Washer
Association Amenities Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, In-Ground Sprinkler System, Other, Security
City Minneapolis
Construction Materials Brick/Stone, Metal Siding, Stucco
Contingency None
Cooling Central Air
County Hennepin
Current Use Residential
Directions Lyndale avenue s. east to Grand ave s. north of 48th and Grand intersection
Garage Spaces, Detached Garage 10
Grossincome 597816
Heating Forced Air
High School District Minneapolis
Lender Owned No
Levels Three Or More
Net Operating Income 394200
Ownerpays Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes
Property SubType High Rise
Property Type Commercial Sale
Roof Age 8 Years or Less, Flat, Rubber
Sewer City Sewer/Connected, City Sewer - In Street, Private Sewer
Standard Status Active
Street Name Grand
Tax Annual Amount 15074
Tax Year 2022
Tenant Pays Cable TV, Electricity, Water
Total Units 23
Utilities Electric Common, Electric Separate, Heating Common, Heating Separate
Year Built 2023
Zoning Description Residential-Multi-Family

Interior Features

Foundation Dimensions 60 x 96
Fuel Electric, Natural Gas, Solar
Garage Dimensions 60 x 74
Garage Door Width 8
Garage Square Feet 4027
Street Suffix Avenue

Exterior Features

Foundationarea 1670
Inclusions Building, Land, Leases, Other
Lot Dimensions 82 x 130
Lot Features Sod Included in Price, Underground Utilities
Lot Size Area 0.25
Lot Size Units Acres
Parking Features Assigned, Attached Garage, Contract Pkg Required, Concrete, Shared Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Heated Garage, Insulated Garage, Secured, Shared Garage/Stall, Storage
Road Frontage Type City Street, Curbs, Paved Streets, Sidewalks
Water Source City Water/Connected, City Water - In Street, Private

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 55419

Price
AVG $8.4M
$8.4M
Taxes
AVG $15,074
$15,074
Visits
AVG 90
89
Year Built
AVG 2023
2023
Walkscore
AVG 62
62
Data Provided by Walkscore ® not using MLS data

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