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$499,900  (list price)
$506,000
/mo Edit
Multi-family:  Four Plex
Built 2001
3,120 sqft0.55 acres
Hastings schools
MLS# 5728548
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    Property Description

    Great Income/Investment Opportunity! 4 - 2 Bed/1 Bath units with attached 2 car garage. Units have always been easy to rent and there has been high interest whenever listed. All units are currently rented but could be used as owner occupied or investment.

    Listing

    Contingency: None
    Price per sq ft: $160
    City: New Trier
    County: Dakota
    State: MN
    Property Style: Four Plex
    Zip Code: 55031

    Interior

    Living Area: 3,120 ft2
    Above Ground Living: 1,560 ft2
    Below Ground Living: 1,560 ft2
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details:
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Walkout

    Exterior

    Garage Spaces: 8
    Heating System: Forced Air
    Foundation Size: 1,560 ft2
    Handicap Accessible: No Stairs Internal
    Road Frontage:
    • Paved Streets
    • Township
    Exterior Material:
    • Block
    • Vinyl Siding
    Roof Details: Asphalt
    Level Size Sq Ft
    Unit 1 Dining Room  —  — 
    Main Level Size Sq Ft
    Unit 1 Bedroom 1  11.5 x 10  110 
    Unit 1 Bedroom 2  11 x 10  110 
    Unit 1 Kitchen  15.5 x 11.5  165 
    Unit 1 Living Room  17.5 x 11.5  187 

    Lot

    Acres: 0.55
    Geolocation: 44.60196045, -92.93520650
    Lot Dimensions: 151X132X201X92
    Dev/Complex Name: Auditors Sub 15
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Medium

    Schools

    School District: 200
    District Phone: 651-480-7002

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: $2,000
    Annual Gross Expense: $4,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Water, Electricity, Cable TV, Trash Collection

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $5,478
    Assessment Pending: No
    Taxes w/ Assessments: $5,478

    Income

    Annual Gross Income: $51,600

    Unit

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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