Sold: New Hope MLS# 5678291
Sold
$450,000 (list price)
$392,701
Multi-family: Four Plex
Built 1963
3,300 sqft • 0.34 acres
Robbinsdale schools
MLS# 5678291
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Property Description
Buy separately or together with building 2732 Xylon. Value-add opportunity. Many long term tenants on month to month leases. Newer windows, roof. 4 car garage for extra rent.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$450,000
Sold Price:
$392,701
Sold Date:
12/29/2020
Price per sq ft:
$136
Property Type:
Multi-family
City:
New Hope
Garage Spaces:
4
County:
Hennepin
Year Built:
1963
State:
MN
Property Style:
Four Plex
Zip Code:
55427
Subdivision Name:
Twin Terra Linda
Interior
Finished Area:
3,300 ft2
Living Area:
3,300 ft2
Total Area:
3,300 ft2
Above Ground Area:
1,650 ft2
Below Ground Area:
1,650 ft2
Main Level Area:
1,650 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
1,064 ft2
Foundation Size:
1,650 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Hot Water
Parking Features:
Detached
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.34
Geolocation:
45.008418, -93.384909
Lot Dimensions:
100 x 150
Lot Description:
Tree Coverage - Medium
Schools
School District:
281
District Phone:
763-504-8000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$366
Annual Fuel Expense:
$2,460
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
$4,506
Annual Trash Expense:
$560
Annual Water/Sewer Expense:
$1,120
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$7,566
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$10,844
Land Lease Amount:
0
Income
Annual Gross Income:
$45,600
Rent
Unit 1 Monthly Rent:
$950
Unit 2 Monthly Rent:
$875
Unit 4 Monthly Rent:
$850
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity-Edina.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.