Sold: Minneapolis MLS# 6356113
Sold
$425,000 (list price)
$415,000
Multi-family: Duplex Up and Down
Built 1901
2,714 sqft • 0.13 acres
Minneapolis schools
MLS# 6356113
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Property Description
Here is a great opportunity to own a great duplex with huge cash flow potential. The owner will have the building vacated prior to closing but he has rented each bedroom individually in the past and the building once took in $4, 875 in rent each month. (former rent roll and financials available) *The building has a new roof, roof sheathing, and one new boiler. The kitchens and appliances were replaced in 2019. The units were painted last year. *The other boiler was replaced in 2016 and some of the windows and window inserts have been replaced in the last five years. *The TISH is clean and the unit boasts hardwood floors and modern bathrooms. *There is potential to expand and finish the attic. * There is potential to finish the basement which has a bathroom roughed in.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$425,000
Sold Price:
$415,000
Sold Date:
07/21/2023
Price per sq ft:
$157
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1901
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55408
Neighborhood/Area:
Central
Subdivision Name:
Bakers 2nd Add
Interior
Finished Area:
2,714 ft2
Living Area:
2,714 ft2
Ranges:
Two
Refrigerators:
Three
Basement Details:
Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,206 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Open
Exterior Material:
Aluminum Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.13
Geolocation:
44.942521, -93.273173
Lot Dimensions:
45 X 128
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$42,423
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$2,400
Annual Maintenance Expense:
None
Annual Gross Expense:
$42,423
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,550
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$5,436
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,927
Income
Annual Gross Income:
$58,500
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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.
Connect with Eric today to get started with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.