For Sale: Bloomington MLS# 7171159
Active
NEW!
$1,595,000
Commercial: Other
Built 1962
0.92 acres
Bloomington schools
MLS# 7171159
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Property Description
Excellent opportunity to acquire a well-located 12-unit apartment building in Bloomington. The property
features a desirable and balanced unit mix of six 1-bedroom/1-bath units and six 2-bedroom/1-bath units,
along with a 13-stall garage providing an additional source of rental income. Situated on approximately
0.92 acres, the property also offers ample on-site parking and convenient access to major roadways,
employment centers, shopping, dining, and other area amenities.
The building has been professionally managed and offers an attractive investment in an established
Bloomington location with solid in-place income and potential for future growth.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,595,000
Property Type:
Commercial
City:
Bloomington
Garage Spaces:
13
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Other
Zip Code:
55420
Subdivision Name:
Lynn Acres
Exterior
Garage Spaces:
13
Garage Size:
4,130 ft2
Foundation Size:
3,507 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached Garage
- Paved Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.92
Geolocation:
44.84037, -93.281181
Inclusions:
Building
Lot Dimensions:
158 x 252
Zoning:
Residential-Multi-Family
Schools
School District:
271
District Phone:
9526816400
Expenses
Tenant Expenses:
Cable TV, Electricity, Gas, Heat, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$23,743
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$23,743
Units
Total Units:
13
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.