Sold: Minneapolis MLS# 6515958
Sold
$400,000 (list price)
$340,000
Multi-family: Other
Built 1904
3,256 sqft
Minneapolis schools
MLS# 6515958
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Property Description
Back on the market financing fell through. Incredible opportunity to own a great income driven multifamily property in a prime location! Off central Ave NE and 27th in Minneapolis MN 12 single bedrooms rent separately for $350 monthly to generate more residual income with no hassle. Please see the attached supplement for detail income and expenses information. Roofing Material: 10 years old and the seller replaced the boiler last two years. Note: information provided is accurate but not guarantee Buyer and buyer’s agent should verify. 12 hours required for showing.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$400,000
Sold Price:
$340,000
Sold Date:
07/18/2024
Price per sq ft:
$123
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
1
County:
Hennepin
Year Built:
1904
State:
MN
Property Style:
Other
Zip Code:
55418
Neighborhood/Area:
Holland
Subdivision Name:
Menages Sup To East Side Add
Interior
Finished Area:
3,256 ft2
Living Area:
3,256 ft2
Ranges:
None
Refrigerators:
None
Basement Details:
Brick/Mortar
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Dimensions:
24x17
Garage Size:
408 ft2
Foundation Size:
1,424 ft2
Foundation Dimensions:
55x25.9
Fencing:
None
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Open
Exterior Material:
- Brick/Stone
- Fiber Cement
- Stucco
Lot & Land
Geolocation:
45.016496, -93.247828
Lot Dimensions:
6969.6 sqft
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Electric Expense:
$3,359
Annual Fuel Expense:
$3,578
Annual Insurance Expense:
$6,249
Annual Maintenance Expense:
$1
Annual Gross Expense:
$22,452
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$3,504
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,724
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,724
Income
Annual Gross Income:
$1
Units
Total Units:
3
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Minnesota Realty Guide, LLC.
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.