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Sold
Sold
$450,000  (list price)
$425,000
/mo   Edit
MLS# 5336488
Multi-family
Built 1967
3,160 fin sqft
Mounds View schools
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    Description:   Fully rented investment property that has been well maintained. Leases all go until spring with exception of 1 that is currently month to month and may be signing another 1-year lease. Mostly long term renters. 4 units. 2 different styles including 2 two-bedroom/1 bath units and 2 three-bedroom/1 bath unit. 1 common laundry area. Parking lot and snow removal is shared with the building next door. See supplement for financials. Unit 1 is $1050/month Unit 2 is $950/month Unit 3 is $760 NET ($840-$80/month for doing lawn/snow) Unit 4 is $745 (month to month). Highest and best offers are due by 11:59 PM tonight.
    List Price: $450,000
    Sold Price: $425,000
    Sold Date: 01/15/2020
    Price/sq ft: $142
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Four Plex
    Year Built: 1967
    City: Mounds View
    Zip Code: 55112

    Interior

    Fin Sq Ft / Living Area: 3,160 ft²
    Above Ground Living: 1,596 ft²
    Below Ground Living: 1,564 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full

    Exterior

    Heating System: Hot Water, Boiler
    Foundation Size: 1,596 ft²
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Roof Details: Asphalt Shingles, Age 8 Years or Less

    Rooms

    Shared Rooms: Other

    Lot

    Acres: 0.27
    Construction Status: Previously Owned
    Latitude: 45.10775300
    Longitude: -93.20520400
    Lot Size Dim.: 88x132
    Dev/Complex Name: Park View Terrace

    Schools

    School District: 621 - Mounds View
    District Phone: 651-621-6001

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: None
    Total Annual Expenses: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
    Tenant Expenses: Electric, Cable T.V., Broadband

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $8,076
    Assessment Pending: No
    Taxes w/ Assessments: $8,076

    Income

    Annual Gross Income: 0.00

    Rent

    Unit 1 Monthly Rent: $1,050
    Unit 2 Monthly Rent: $950

    Unit

    Total Units: 4

    Miscellaneous

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

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Edina Realty, Inc.