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Active
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$825,000
/mo   Edit
MLS# 5261376
Multi-family
Built 1909
4,920 fin sqft
Minneapolis schools
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    Description:   Handsome, oversized brick fourplex in A+ Location in South Uptown neighborhood; a perfect asset for owner/occupant or investor. 2 bedrooms + Office/den in each unit, sometimes rented as 3BR units in the past. Featuring Hardwood Floors, High 9 foot plus ceilings, Gorgeous woodwork and 1 ft tall baseboards, mirrored built-ins, Decorative original leaded glass windows in living rooms. A classic beauty. Huge newer windows + newer mechanicals, Separate Utilities, Coin Op Laundry for extra income. Rents are below market. Walk to Lake Bde Maka Ska (formerly Lake Calhoun) and host of restaurants, cafes + hotspots that Uptown offers so much of. Easy access/transit with 85 walk score and 88 bike score. Adjacent to to bus stop and Bryant bus-line. quick to Downtown MPLS; MSP Airport, and Mall of America are just minutes away. Hurry to obtain this solid property!
    List Price: $825,000
    Price/sq ft: $168
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Four Plex
    Year Built: 1909
    Neighborhood/Area: South Uptown
    City: Minneapolis
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 4,920 ft²
    Above Ground Living: 4,920 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full

    Exterior

    Heating System: Hot Water
    Foundation Size: 2,460 ft²
    Shared Amenities: Porch
    Fencing: None
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Roof Details: Flat, Age Over 8 Years

    Rooms

    Shared Rooms: Amusement/Party Rm

    Lot

    Acres: 0.12
    Construction Status: Previously Owned
    Lot Description: Corner Lot
    Latitude: 44.93971400
    Longitude: -93.29049800
    Lot Size Dim.: 84x64
    Dev/Complex Name: Remingtons 2nd Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $480
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: $1,200
    Annual Repair Expense: $1,200
    Annual Gross Expense: $23,268
    Total Annual Expenses: $23,268
    Annual Trash Expense: $1,500
    Annual Water/Sewer Expense: $1,500
    Owner Expenses: Taxes, Insurance, Water/Sewer, Electric, Maintenance/Repair, Trash, Snow, Lawn
    Tenant Expenses: Electric, Fuel, Cable T.V., Broadband

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $12,013
    Assessment Pending: No
    Taxes w/ Assessments: $12,013

    Income

    Annual Gross Income: 46200.00
    Misc. Annual Income: $480
    Misc. Monthly Income: $40

    Rent

    Unit 1 Monthly Rent: $950
    Unit 2 Monthly Rent: $950

    Unit

    Total Units: 4

    Miscellaneous

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

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    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
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