For Sale: Minneapolis MLS# 6498584
Active
$475,000
Multi-family: Duplex Up and Down
Built 1935
3,188 sqft•0.19 acres
Minneapolis schools
MLS# 6498584
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Property Description
Turnkey, fully leased, three unit property. Corner lot, large 2.5 garage and dedicated concrete driveway.
Fully renovated in 2022… including the roof,
all windows, gutters, 2 new boilers, 2 new electrical panels, plumbing and new water service line from the city main. Added 3 egress windows and a brand new 3bed 1 bath unit in the basement. Added shared laundry accessible by all units. All the units feature new lighting, fixtures, paint, flooring, appliances, kitchens and bathrooms.
Perfect opportunity for an owner occupant to offset living costs or investor looking for minimal upkeep and immediate cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$475,000
Price per sq ft:
$149
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1935
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55412
Neighborhood/Area:
Webber - Camden
Subdivision Name:
Berkeley
Interior
Finished Area:
3,188 ft2
Living Area:
3,188 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Tile Shower
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
480 ft2
Foundation Size:
1,326 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Concrete
- Detached
Shared Amenities:
- Common Laundry
- Other
- Patio
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.19
Geolocation:
45.03320500, -93.30129000
Lot Dimensions:
50.30X162
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$3,000
Annual Electric Expense:
$2,700
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
None
Annual Gross Expense:
$11,100
Annual Trash Expense:
$960
Annual Water/Sewer Expense:
$1,440
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$3,886
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,152
Income
Annual Gross Income:
$53,700
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Realty Group LLC.
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.