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Active
$899,900
/mo   Edit
MLS# 4980985
2844 Columbus Avenue
Minneapolis, MN 55407
Multi-family
4,396 fin sqft  /  0.15 acres
Built 1925  /  Minneapolis schools
Info: 763-576-8286
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    Description:   Rare opportunity for an extremely high income producing bldg w/ non-conf 5th unit in LL. Income $106k w/ $120k+ potential! Seller can manage for 6+ months after closing. Renovated units feature HW floors, built-in buffets, tiled bths, exposed brick, KT w/ granite & stainless appliances including dishwashers! New windows '14, roof '13 & 2 water heaters '14. 4 garage stalls + 1 sep storage space. 2 garages have 9 foot doors w/ gar openers! LL has 2 coin-op washer/dryer sets & 7 storage lockers.
    List Price: $899,900
    Price/sq ft: $205
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Year Built: 1925
    Neighborhood/Area: Phillips West
    City: Minneapolis
    Zip Code: 55407

    Interior

    Fin Sq Ft / Living Area: 4,396 ft²
    Above Ground Living: 4,096 ft²
    Below Ground Living: 300 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Partial Finished

    Exterior

    Heating System: Boiler
    Foundation Size: 2,016 ft²
    Shared Amenities: Coin-op Laundry Owned
    Fencing: Partial
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 4
    Roof Details: Pitched

    Lot

    Acres: 0.15
    Construction Status: Previously Owned
    Lot Description: City Bus (w/in 6 blks)
    Latitude: 44.95082300
    Longitude: -93.26425400
    Lot Size Dim.: 119x54
    Zoning: Residential-Multi-Family

    Schools

    School District: 1 - Minneapolis
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $420
    Annual Fuel Expense: $2,160
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: $2,000
    Annual Repair Expense: $1,000
    Annual Gross Expense: $30,000
    Total Annual Expenses: $30,000
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $3,200
    Owner Expenses: Taxes, Insurance, Water/Sewer, Trash, Snow, Lawn
    Tenant Expenses: Electric, Fuel

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $5,506
    Assessment Pending: No
    Taxes w/ Assessments: $5,506

    Income

    Annual Gross Income: 106000.00

    Rent

    Unit 1 Monthly Rent: $2,528
    Unit 2 Monthly Rent: $2,553
    Unit 3 Monthly Rent: $2,188
    Unit 4 Monthly Rent: $1,200

    Unit

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Mona
    Edick
    Bay Equity
    Jason
    Chitwood
    Movement
    Richard
    Smyth
    TruStone
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Keller Williams Classic Realty