629 Oak Street Se, Minneapolis, MN

About 629 Oak Street Se

Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living. Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of a detached 1-car garage and 2 additional off-street parking spaces! The front unit (#1) is currently occupied and generates a robust rental income of $3,075/month, with a lease secured through 8/26/26. The rear unit (#2) is vacant and commanded a rent of $3,820/month. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Don’t miss out on this remarkable chance to invest in a thriving community!

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