3212 Portland

3212 Portland in Minneapolis, MN, is nestled in the heart of Minneapolis. The Central and Powderhorn neighborhoods offer an ideal blend of urban convenience and community charm. These vibrant areas boast a rich cultural tapestry, evident in the eclectic mix of local businesses, diverse dining options, and artistic flair that permeates the streets. Residents enjoy easy access to green spaces like Powderhorn Park, which hosts year-round activities and events, fostering a strong sense of community. Excellent public transportation options and proximity to major highways ensure seamless connectivity to the rest of the Twin Cities. With a harmonious balance of residential tranquility and bustling urban life, the Central and Powderhorn neighborhoods provide an exceptional living experience for families, professionals, and investors alike.This is a great opportunity to own 3 separate, fully leased condos for one price. 3 PID's in one building. 8 total bedrooms, 4 total bathrooms, 3 garage stalls, 3 parking spaces, and a massive basement that can be converted into additional storage or office space. These condos are all rented; many have been updated in the past 5 years. Unit B is nearly 1,200 sq ft and was recently updated in 2020. It includes newer flooring, bathroom fixtures, and a newer kitchen with updated cupboards, countertops, and appliances. The unit also features new living room windows, a deck, and an upgraded electric panel. Unit C is nearly 2000 sq ft and covers 2 levels. It consists of 4-bedrooms and 2-bathrooms. It has seen recent updates with a new refrigerator and range, a recently installed bathroom in the attic, and carpeting in the main living areas. Unit A 2-bedroom, 1-bathroom condo over 820 sq ft, with side access to the yard and a dining room area. The basement presents an excellent opportunity for further value addition, with the potential to convert into additional living space and storage, boosting rental income. A new dryer was installed in 2024. The property also includes rentable garages to increase Net Operating Income (NOI). With all units having received significant updates over the past five years and electrical systems up to code, this triplex is an exceptional find for savvy investors looking to capitalize on a thriving rental market. Don't miss your chance to own a piece of Minneapolis's dynamic Central/Powderhorn area!