This four unit building definitely needs some work, but there is great upside in rents once the updates are completed. Currently, the rents are very low for the market, as all the tenants have been there for four years.



There are three one bedroom apartments and one huge studio. Rents right now are $625, $575, $575, and $430. I think they should be around $700, $700, $650, $600.



The building is in a fabulous location, one block off of Lyndale. There is off street parking, and each unit has its own private patio if they are on the first floor or private decks on hte second floor.



Please email me for more information on the terrific investment opportunity!