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Sold
Sold
$330,000  (list price)
$320,000
/mo   Edit
MLS# 5295698
Multi-family
Built 1907
3,100 fin sqft
Minneapolis schools
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    Description:   Large duplex with lots of old world charm. Each unit is a 4/2 with finished space on all 4 levels! Tons of cashflow and upside potential here. Long term tenants in place for both units and they are interested in staying, currently month to month. Wonderful South Minneapolis convenience and a ton of finished square footage make this a real value opportunity. 24 hour notice is required.
    List Price: $330,000
    Sold Price: $320,000
    Sold Date: 12/31/2019
    Price/sq ft: $106
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1907
    Neighborhood/Area: Central
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55407

    Interior

    Fin Sq Ft / Living Area: 3,100 ft²
    Above Ground Living: 2,600 ft²
    Below Ground Living: 500 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Partial Finished, Egress Windows

    Exterior

    Heating System: Baseboard
    Foundation Size: 1,100 ft²
    Shared Amenities: Porch
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Cement Board
    Garage Spaces: 2
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.11
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Light
    Latitude: 44.93716700
    Longitude: -93.26801600
    Lot Size Dim.: 40x121
    Dev/Complex Name: Vinton Park Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,400
    Annual Fuel Expense: $3,000
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: None
    Total Annual Expenses: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,000
    Owner Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Trash

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $5,473
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,473

    Income

    Annual Gross Income: 37800.00

    Rent

    Unit 1 Monthly Rent: $1,575
    Unit 2 Monthly Rent: $1,575

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas, Electric
    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

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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