For Sale: New Brighton MLS# 7129166
Active
NEW!
$500,000
Multi-family: Duplex Up and Down
5 br • 3 ba • Built 1965
2,716 sqft • 0.349 acres
Mounds View schools
MLS# 7129166
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Property Description
Rare investment opportunity in a highly desirable New Brighton location adjacent to Irondale High School and convenient to Long Lake Road, parks, and major roadways. This well-established property features a 3-bedroom, 2-bath on the main/lower level and 2-bedroom, 1-bath on the upper level. The main and upper levels have similar bedroom sizes with the main-level unit offering slightly more living space and the upper unit featuring a large private sundeck. The lower level walks out to the back yard. This lower level offers an excellent opportunity for an extended number of residents from a main or upper level lease. Long-term tenants add to the appeal for investors looking for an established rental property. Owner occupants can purchase this property with as little as 3-5% down and maybe reside in the basement with approval from authorities. Leases are month to month with 60-day notices. Situated on a corner lot, the fenced backyard backs to a wooded area, providing added privacy and outdoor space. A detached 2-car garage provides additional parking and storage. New washer and dryer in common area. Smoke detectors and carbon monoxide detectors have all been updated per code. City inspection recently completed. Whether you're looking for an income-producing duplex or owner-occupied investment, this property offers plenty of possibilities in a great location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Price per sq ft:
$184
Property Type:
Multi-family
City:
New Brighton
Garage Spaces:
2
County:
Ramsey
Year Built:
1965
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55112
Subdivision Name:
Iron Works
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,716 ft2
Living Area:
2,716 ft2
Refrigerators:
Three
Basement Details:
- Block
- Daylight/Lookout Windows
- Finished
- Full
- Kitchenette
- Walkout
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x26
Garage Size:
624 ft2
Garage Door Height:
9
Garage Door Width:
7
Foundation Size:
1,152 ft2
Foundation Dimensions:
24*48
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
Detached Garage
Shared Amenities:
Laundry
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Block
- Frame
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.349
Geolocation:
45.092, -93.205808
Lot Dimensions:
120*129
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Farm
Topography:
Walkout
Schools
School District:
621
District Phone:
6516216001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$7,228
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
$673
Annual Water/Sewer Expense:
$1,398
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,597
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,732
Income
Annual Gross Income:
$27,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$23,100
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
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Classic 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.