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Sold:  Minneapolis MLS# 6555192

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Sold
$363,500  (list price)
$340,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
1,694 sqft • 0.13 acres
Minneapolis schools
MLS# 6555192
763-576-8286
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    Property Description

    Discover a fantastic investment opportunity with this charming multi-family property featuring 2 units. Each unit offers 2 bedrooms and 1 bathroom including some modern updates. Each unit offers great natural lighting that makes the space welcoming and cozy. This property also features a fully functional 2-car garage that has a newly built patio situated behind it; itâ??s the perfect spot for outdoor gatherings! The property has been meticulously maintained with new gutters and significant updates to the main level unit. This unit boasts a newly modernized kitchen and bathroom, stylish new sliding bedroom doors, and fresh paint throughout the space. There was also a recently updated room in the basement providing extra space and storage. Located nearby this property are local restaurants, grocery stores, and plenty of outdoor spaces making it a convenient and attractive location!

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $363,500
    Sold Price: $340,000
    Sold Date: 12/04/2024
    Price per sq ft: $215
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55418
    Neighborhood/Area: Holland
    Subdivision Name: Menages Sup To East Side Add

    Interior

    Finished Area: 1,694 ft2
    Living Area: 1,694 ft2
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 384 ft2
    Foundation Size: 910 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Forced Air
    Exterior Material: Fiber Cement

    Lot & Land

    Acres: 0.13
    Geolocation: 45.015891, -93.250402
    Lot Dimensions: 30X182

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $1,200

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,201
    Lender-owned: Yes
    Assessment Pending: No
    Taxes w/ Assessments: $4,200

    Income

    Annual Gross Income: $36,000

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 Real Broker, LLC..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.