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Pending
$249,900
/mo Edit
Multi-family:  Triplex
Built 1887
1,700 sqft0.28 acres
Anoka-Hennepin schools
MLS# 6451641
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    Property Description

    Incredible investment potential awaits! This triplex offers an excellent opportunity to keep some of that rent money in your pocket. Whether you choose to lease all three units, ensuring positive cash flow, or reside in one unit to reduce your living expenses, the choice is yours. Additionally, the property boasts a spacious two-stall garage, oversized driveway, and ample parking space. Notably, two of the current tenants have maintained month-to-month leases for an impressive 10 and 15 years. Don't miss this exceptional and uncommon investment opportunity!

    Listing

    Contingency: None
    Price per sq ft: $147
    City: Anoka
    County: Anoka
    State: MN
    Property Style: Triplex
    Zip Code: 55303
    Subdivision Name: Auditors Sub 154

    Interior

    Living Area: 1,700 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details:
    • Brick/Mortar
    • Stone/Rock

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Size: 462 ft2
    Foundation Size: 1,304 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material: Vinyl Siding

    Lot & Land

    Acres: 0.28
    Geolocation: 45.200428, -93.395671
    Lot Dimensions: 51 x 250
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 11
    District Phone: 763-506-1000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,100
    Annual Fuel Expense: $1,747
    Annual Insurance Expense: $2,100
    Annual Maintenance Expense: None
    Annual Gross Expense: $6,307
    Annual Trash Expense: $260
    Annual Water/Sewer Expense: $1,100

    Financial & Taxes

    Tax Year: 2022
    Annual Taxes: $2,607
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,607

    Income

    Annual Gross Income: $33,600

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

    Mortgage Calculator

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    Payment:  /mo

    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 Luke Team Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.