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Pending
$385,000
/mo   Edit
MLS# 5130055
805 7th Street SE
Minneapolis, MN 55414
Multi-family    Duplex Up and Down
Built 1900
3,341 fin sqft    0.21 acres
Minneapolis schools
Info: 763-576-8286
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    Description:   Duplex in Prime location near the University of MN Campus. Property features 2 large units with hardwood floors and a spacious driveway with plenty of parking. Both units are rented for 2019-2020 (Sept-Aug) School year for combined $42, 000 for the year.
    List Price: $385,000
    Price/sq ft: $115
    Property Type: Multi-family
    Listing Status: Pending
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Marcy Holmes
    City: Minneapolis
    Zip Code: 55414

    Interior

    Fin Sq Ft / Living Area: 3,341 ft²
    Above Ground Living: 3,341 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Unfinished

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,080 ft²
    Shared Amenities: Porch
    Fencing: None
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Vinyl
    Garage Spaces: 0
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.21
    Construction Status: Previously Owned
    Latitude: 44.98688500
    Longitude: -93.24111000
    Lot Size Dim.: 55X165
    Dev/Complex Name: The Andrews & Moultons Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $2,460
    Annual Insurance Expense: $1,570
    Annual Maintenance Expense: None
    Annual Repair Expense: $2,500
    Annual Gross Expense: $8,880
    Total Annual Expenses: $8,880
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,350
    Owner Expenses: Taxes, Water/Sewer, Insurance, Fuel, Maintenance/Repair, Lawn
    Tenant Expenses: Electric

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $6,079
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,323

    Income

    Annual Gross Income: 42000.00

    Rent

    Unit 1 Monthly Rent: $1,700
    Unit 2 Monthly Rent: $1,800

    Unit

    Total Units: 2

    Miscellaneous

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

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