5424 32nd Avenue S

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Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won’t want to miss!

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Price:$900,000
Address:5424 32nd Avenue S
City:Minneapolis
County:Hennepin
State:Minnesota
Subdivision:C F E Peterson Co Nokomis Park
MLS:7103604
Square Feet:5,400
Acres:0.15
Lot Square Feet:0.15 acres
Bathrooms:6
fuel:Natural Gas
levels:Two
taxYear:2026
ownerPays:Insurance, Taxes, Water
postalCity:Minneapolis
tenantPays:All Utilities
contingency:None
grossIncome:90000
lenderOwned:No
lotSizeUnits:Acres
neighborhood:82
foundationArea:1800
yearlySeasonal:Yearly
taxAnnualAmount:13914
garageSquareFeet:470
insuranceExpense:5000
operatingExpense:21500
roadFrontageType:City Street
assessmentPending:No
foreclosureStatus:No
lotSizeDimensions:149x42
publicSurveyRange:23
waterSewerExpense:2500
zoningDescription:Residential-Multi-Family
potentialShortSale:No
taxWithAssessments:13914
aboveGradeSqFtTotal:3600
belowGradeSqFtTotal:1800
publicSurveySection:19
schoolDistrictPhone:6126680000
allowedUseCaseGroups:IDX
publicSurveyTownship:28
schoolDistrictNumber:1
fractionalOwnershipYN:No
mainLevelFinishedArea:1800
numberOfRefrigerators:Three
aboveGradeFinishedArea:3600
belowGradeFinishedArea:1800
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