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List: $420,000
/mo   Edit
MLS# 5141130
912 25th Street E
Minneapolis, MN 55404
0.11 acres
Built 1907  ●  Minneapolis schools
Info: 763-576-8286
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    Description:   VERY RARE 4- 3 bedroom units with Good paying Tenants. Private parking in Rear and street parking in front. Brand new roof with warranty. All Utilities are separate with each unit has separate furnace, water heater, gas and electric meters. Building and units have front and back entries that are secured. Basement is partial finished for coin-op laundry and storage for each unit. Electric, Plumbing HVAC all updated. Rents are at lower than market rate with room to increase. Great Investment!!
    List Price: $420,000
    Sold Price: $440,000
    Sold Date: 03/11/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1907
    Neighborhood/Area: Midtown Phillips
    City: Minneapolis
    Zip Code: 55404


    Building Fin Sq Ft: 4,612 ft²
    Appliances Included: Range, Microwave, Exhaust Fan/Hood, Refrigerator
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Concrete Block, Partial Finished


    Air Conditioning: Window
    Heating System: Forced Air
    Foundation Size: 2,256 ft²
    Unit Amenities: Kitchen Center Island, Natural Woodwork, Hardwood Floors, Cable
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Stucco, Metal
    Garage Spaces: 0
    Other Parking Spaces: 4
    Roof Details: Flat, Age 8 Years or Less, Rubber


    Shared Rooms: Other


    Acres: 0.11
    Lot Description: Tree Coverage - Light, City Bus (w/in 6 blks)
    Latitude: 44.95751500
    Longitude: -93.26054100
    Lot Size Dim.: 64 x 82
    Dev/Complex Name: Bovey's Add
    Zoning: Residential-Multi-Family


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


    Annual Electric Expense: $900
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: $2,200
    Annual Gross Expense: $17,636
    Annual Trash Expense: $1,536
    Annual Water/Sewer Expense: $2,400
    Owner Expenses: Taxes, Insurance, Trash, Snow
    Tenant Expenses: Electric, Maintenance/Repair, Cable T.V., Fuel

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $6,400
    Assessment Pending: No
    Taxes w/ Assessments: None


    Annual Gross Income: 61500.00


    Annual Net Income: $43,864


    Total Rooms in Unit 1: 0
    Total Rooms in Unit 2: 0
    Total Rooms in Unit 3: 4
    Total Units: 4
    Number of Efficiencies: 0


    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Land, Building, Leases
    Sewer System: City Sewer/Connected, City Sewer - In Street
    Water System: City Water/Connected, City Water - In Street

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    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.

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    Listing provided by RMLS, courtesy of V.I.P. Realty LLC