For Sale: Minneapolis MLS# 6610110
Active
$4,500,000
Commercial: Apartments
Built 2025
0.12 acres
Minneapolis schools
MLS# 6610110
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Property Description
**Modern Luxury Living at 4651 Nicollet - A Brand New 12-Plex**
Anticipated Completion: 2025
Welcome to 4651 Nicollet, an exceptional to-be-built 12-plex offering the perfect blend of modern luxury and urban convenience. This stunning development is set to redefine upscale living with its contemporary design, high-end finishes, and prime location.
**Property Highlights:**
- **Contemporary Design:** Each unit in this 12-plex will feature sleek, modern architecture with thoughtfully designed open floor plans that maximize space and natural light.
- **High-End Finishes:** Expect nothing but the best with premium materials and finishes, including luxury vinyl tile flooring, granite countertops, stainless steel appliances, and custom cabinetry.
- **Spacious Living Areas:** Generous living spaces and bedrooms provide comfort and flexibility for any lifestyle.
- **Gourmet Kitchens:** Gourmet kitchens equipped with top-of-the-line appliances and ample counter space, perfect for home chefs and entertaining.
- **Luxurious Bathrooms:** Spa-inspired bathrooms with designer fixtures, elegant tile work, and spacious layouts.
- **Smart Home Features:** Integrated smart home technology for enhanced security, energy efficiency, and convenience.
- **Private Balconies:** Many (not all) units will include a private balcony.
**Cost-Efficient Living:**
One of the standout benefits of 4651 Nicollet is the absence of additional amenities, which translates to lower expenses for both tenants and owners. This cost-effective approach allows residents to enjoy a high-quality living experience without the added costs associated with maintaining common amenities.
**Prime Location:**
Located in a vibrant neighborhood with easy access to dining, shopping, entertainment, and public transportation, 4651 Nicollet offers unparalleled convenience for urban living.
**Reserve Your Future Investment:**
Don't miss the opportunity to own a piece of this remarkable development. With an expected completion date of 2025, now is the perfect time to reserve your future home at 4651 Nicollet. Contact us today for more information and to schedule a consultation.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$4,500,000
Property Type:
Commercial
City:
Minneapolis
County:
Hennepin
Year Built:
2025
State:
MN
Property Style:
Apartments
Zip Code:
55419
Neighborhood/Area:
Tangletown
Subdivision Name:
Crocker & Crowells Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Exhaust Fan
- Gas Water Heater
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
None
Exterior
Stories:
Three Or More
Other Parking Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
3,825 ft2
Handicap Accessible:
Fully Wheelchair, Partially Wheelchair, Roll-In Shower
Road Responsibility:
Public Maintained Road
Heating System:
Other
Parking Features:
None
Shared Amenities:
- Fire Sprinkler System
- Patio
Unit Amenities:
- Ceiling Fan(s)
- City View
- Main Floor Primary Bedroom
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Other
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.12
Geolocation:
44.917971, -93.277572
Inclusions:
Building, Land
Lot Dimensions:
124 x 43
Zoning:
Business/Commercial
Lot Description:
- Additional Land Available
- Corner Lot
- Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$60,000
Annual Insurance Expense:
$3,600
Annual Maintenance Expense:
$12,000
Annual Gross Expense:
$113,100
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,702
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,702
Income
Annual Gross Income:
$357,525
Rent
Annual Net Income:
$244,425
Units
Total Units:
12
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
- City Water - In Street
- City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Compass.
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.