For Sale: Minneapolis MLS# 6678340
Active
Lender Owned
$229,900
Multi-family: Duplex Up and Down
Built 1900
1,934 sqft • 0.18 acres
Minneapolis schools
MLS# 6678340
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Property Description
Turnkey Up/Down Duplex â?? Excellent Condition â?? Strong Cash Flow!
This well-maintained up/down duplex is a fantastic investment opportunity, bringing in $2, 700/month in gross rent with reliable tenants already in place. The building is in excellent condition, offering minimal maintenance and hassle-free ownership.
Each unit is separately metered for gas and electricity, and the property is set up for separate water meters, allowing you to offset water expenses and charge tenants accordingly. This added feature helps maximize your net operating income.
Located in a strong rental market with steady demand, this property provides both immediate cash flow and long-term appreciation potential. Whether you're expanding your portfolio or looking for a house-hack opportunity, this duplex checks all the boxes!
Donâ??t miss outâ??schedule a showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$229,900
Price per sq ft:
$119
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
Hawthorne
Subdivision Name:
Highland Park Add
Interior
Finished Area:
1,934 ft2
Living Area:
1,934 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,008 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
- Other
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.18
Geolocation:
45.000527, -93.291481
Lot Dimensions:
50 x 157
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,850
Annual Maintenance Expense:
None
Annual Gross Expense:
$2,800
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,850
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,327
Lender-owned:
Yes
Assessment Pending:
No
Taxes w/ Assessments:
$3,327
Income
Annual Gross Income:
$32,400
Misc. Monthly Income:
$800
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
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 Realty WRX.
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.