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For Sale:  Bethel MLS# 6523102

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Active
$450,000
/mo Edit
Multi-family:  Triplex
Built 1945
3,152 sqft•0.24 acres
St. Francis schools
MLS# 6523102
763-576-8286
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    Property Description

    Cash flowing triplex with solid rental history! Unit #1 features tall ceilings, a large stone fireplace, three bedrooms and all amenities on the first floor. Unit #2 features three bedrooms, fully remodeled on the first floor. This unit features new flooring throughout, new carpet in bedrooms, new cabinets and countertops in kitchen, new windows, new doors, new insulation, new appliances, new walls/ drywalls, and all new electrical and wiring, completed in 2024. Unit #3 features an upstairs two bedroom unit with a brand new deck done in 2023. Property also features new gutters added in 2023. Unit #1 and the garage are both rented to long-term tenants on 12-month leases. Unit #2 is currently vacant. Unit #3 is on a 6-month lease that ends on June 30th, 2024. Monthly rents are $1387 for Unit #1, $1361 for Unit #3, and $475 for the garage. Opportunity to increase cash flow as some rents are under market rate and Unit #2 is fully remodeled. Great opportunity for investors!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $450,000
    Price per sq ft: $143
    Property Type: Multi-family
    City: Bethel
    Garage Spaces: 3
    County: Anoka
    Year Built: 1945
    State: MN
    Property Style: Triplex
    Zip Code: 55005
    Subdivision Name: Bethel

    Interior

    Finished Area: 3,152 ft2
    Living Area: 3,152 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details: Crawl Space

    Exterior

    Stories: One and One Half
    Garage Spaces: 3
    Garage Size: 864 ft2
    Foundation Size: 2,298 ft2
    Fencing: Wood
    Handicap Accessible: No Stairs External
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Detached
    • Garage Door Opener
    • Gravel
    • Heated Garage
    • Insulated Garage
    Shared Amenities: Deck
    Exterior Material: Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lot & Land

    Acres: 0.24
    Geolocation: 45.40347, -93.267409
    Lot Dimensions: 125 x 140

    Farm

    Topography: Level

    Schools

    School District: 15
    District Phone: 763-753-7040

    Expenses

    Annual Electric Expense: $2,040
    Annual Fuel Expense: $3,005
    Annual Insurance Expense: $2,585
    Annual Gross Expense: $11,528
    Annual Trash Expense: $1,440
    Annual Water/Sewer Expense: $1,392
    Tenant Expenses: Cable TV, Grounds Care

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,384
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,384

    Income

    Annual Gross Income: $49,323

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: Well

    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.
    It would be our pleasure to assist you with your home purchase!

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    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.