Sold: Hastings MLS# 6648043
Sold
$550,000 (list price)
$555,000
Multi-family: Four Plex
Built 1955
4,656 sqft • 0.25 acres
Hastings schools
MLS# 6648043
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Property Description
Outstanding investment opportunity in this brick 4-plex in Hastings. 2 - 2 bedroom units and 2 - 1 bedroom units. 2 of the units are 2 stories, making this a very unique and in-demand property. Additional income is available with the attached, oversized, heated 2 car garage. Off-street parking is also available on this property. Book your showing to see this fantastic cash-flowing property right away.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$550,000
Sold Price:
$555,000
Sold Date:
02/28/2025
Price per sq ft:
$118
Property Type:
Multi-family
City:
Hastings
Garage Spaces:
2
County:
Dakota
Year Built:
1955
State:
MN
Property Style:
Four Plex
Zip Code:
55033
Subdivision Name:
Town Of Hastings
Interior
Finished Area:
4,656 ft2
Living Area:
4,656 ft2
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
2
Garage Size:
700 ft2
Foundation Size:
2,328 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Attached Garage
- Open
Shared Amenities:
- Common Laundry
- Patio
Exterior Material:
Brick/Stone
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.25
Geolocation:
44.740553, -92.850242
Lot Dimensions:
140 x 66
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
200
District Phone:
651-480-7002
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,920
Annual Fuel Expense:
$1,056
Annual Insurance Expense:
$5,639
Annual Maintenance Expense:
None
Annual Gross Expense:
$10,011
Annual Trash Expense:
$555
Annual Water/Sewer Expense:
$840
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,342
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,342
Income
Annual Gross Income:
$54,600
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 Pederson 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.