Sold: Minneapolis MLS# 6527964
Sold
$325,000 (list price)
$350,000
Multi-family: Duplex Side by Side
Built 2018
1,056 sqft • 0.13 acres
Minneapolis schools
MLS# 6527964
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Property Description
Extremely rare new construction affordable duplex grossing over $58, 000 in annual income, plus room for growth. Mint condition! Duplex features 30-year architectural roof/shingles, gutters with underground drain tile system, pre-finished LP siding, ZIP R5 sheathing, triple-pane windows, mineral wool insulation (R21) in walls, insulated concrete slab, in-ground sprinkler system, 6-foot cedar privacy fence, professionally-landscaped yard, 2-car garage with separate electric panel, and huge driveway with 2 legal parking spaces. Each unit has granite countertops, beautiful stone-tiled shower, in-unit electric washer/dryer, air exchange system, a backyard patio, front porch and backyard access. VERY low maintenance property with high profitability for years to come! Perfect for living in one side and renting out the other, using one side for a home office or airbnb or using one or both as long term rentals. Massive ROI - this one will not last!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$325,000
Sold Price:
$350,000
Sold Date:
06/03/2024
Price per sq ft:
$308
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
2018
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55408
Neighborhood/Area:
Central
Subdivision Name:
Wolvertons Add
Interior
Finished Area:
1,056 ft2
Living Area:
1,056 ft2
Ranges:
One Per Unit
Basement Details:
Slab
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
22x22
Garage Size:
484 ft2
Foundation Size:
1,056 ft2
Foundation Dimensions:
33x32
Fencing:
Chain Link, Privacy, Wood
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Ductless Mini-Split
Parking Features:
- Concrete
- Detached
- Garage Door Opener
- No Int Access to Dwelling
- Shared Driveway
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
Engineered Wood
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.13
Geolocation:
44.94390985, -93.2743979534
Lot Dimensions:
45 x 128
Zoning:
Residential-Single Family
Lot Description:
Public Transit (w/in 6 blks)
Farm
Topography:
Level
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,900
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,000
Annual Maintenance Expense:
$300
Annual Gross Expense:
$14,000
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,400
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$4,814
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,814
Income
Annual Gross Income:
$59,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
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 Johansson Realty Inc.
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.