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Active
$399,900
/mo   Edit
MLS# 5130055
805 7th Street SE
Minneapolis, MN 55414
Multi-family  ●  Duplex Up and Down
3,341 fin sqft  ●  0.21 acres
Built 1900  ●  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: $399,900
    Price/sq ft: $120
    Property Type: Multi-family
    Listing Status: Active
    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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    Get to know our Home Mortgage Professionals

    Richard
    Smyth
    TruStone
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    TruStone
    Richard Smyth
    Area Sales Manager
    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.
    763-270-4334

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    Listing provided by RMLS, courtesy of Better Homes and Gardens Real Estate - All Seasons