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Contingent
Listed
$249,000
/mo   Edit
MLS# 5687247
Multi-family
Built 1958
1,948 fin sqft
Minneapolis schools
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    Description:   BACK ON THE MARKET! Previous Buyer's Financing fell through. Perfect opportunity to own an Up/Down Duplex in the Cleveland neighborhood just a few blocks from Victory Memorial Drive! A great turnkey investment property for the investor or owner/occupant!! Updates in both units include re-done hardwood floors, recently updated kitchens and bathrooms. Both units have been freshly painted and in perfect condition. Unit #1 on the main has 2 bedrooms, living room and eat-in kitchen. Unit #2 upstairs has 2 bedrooms, casual living/dining room and kitchen. Both units enjoy plenty of south-facing sunlight during the day. The basement laundry room is spacious and easily accessible. BONUS!!! Potential bonus room in the basement can serve as storage or a party room. The right owner can finish the room and have it as an extra offering for tenants. INSTANT EQUITY!!! Please use Showing Time for all showings. 24 hour advance notice for all showings. Property management services available if needed.
    List Price: $249,000
    Price/sq ft: $128
    Property Type: Multi-family
    Listing Status: Contingent
    Contingency: Inspection
    Property Style: Duplex Up and Down
    Year Built: 1958
    Neighborhood/Area: Cleveland
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55412

    Interior

    Fin Sq Ft / Living Area: 1,948 ft²
    Above Ground Living: 1,948 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Basement Details: Daylight/Lookout Windows

    Exterior

    Heating System: Forced Air
    Foundation Size: 693 ft²
    Road Frontage: City Street, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: None
    Exterior Material: Fiber Cement
    Garage Spaces: 2
    Roof Details: Asphalt

    Lot

    Acres: 0.12
    Lot Description: Tree Coverage - Light, Public Transit (w/in 6 blks)
    Latitude: 45.01945200
    Longitude: -93.31044600
    Lot Size Dim.: 40 x 127
    Dev/Complex Name: Utopia
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Water, Electricity, Fuel, Trash Collection

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $2,898
    Assessment Pending: No
    Taxes w/ Assessments: $2,898

    Income

    Annual Gross Income: None

    Rent

    Unit 1 Monthly Rent: $1,195
    Unit 2 Monthly Rent: $1,095

    Unit

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    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.
    612.268.1503

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.