For Sale: Minneapolis MLS# 6680099
Active
$450,000
Multi-family: Duplex Up and Down
Built 1900
3,885 sqft • 0.11 acres
Minneapolis schools
MLS# 6680099
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Property Description
True classic duplex with great cash flow! Updated paint, yard, granite countertops, roof and boiler. Upper level is ready to be converted into a third unit-ideal for owner occupant to cash flow immediately! Private fenced backyard! Original fireplaces! Quick drive downtown and right in the heart of Powderhorn park. Upper unit pays $1800, lower tenant previously paid $1650 and both tenants pay $25 monthly for garage parking. Tenants pay utilities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Price per sq ft:
$116
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Auditors Sub 049
Interior
Finished Area:
3,885 ft2
Living Area:
3,885 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,333 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Detached
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.11
Geolocation:
44.940527, -93.261659
Lot Dimensions:
40 x 122
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,000
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,000
Annual Maintenance Expense:
$500
Annual Gross Expense:
$3,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,849
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,082
Income
Annual Gross Income:
$41,400
Units
Total Units:
2
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 eXp Realty.
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.