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Sold
Sold
$499,700  (list price)
$498,200
/mo   Edit
MLS# 5653133
Multi-family
Built 1904
3,834 fin sqft
Minneapolis schools
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    Description:   Now Fully Leased!! 12 month agreement from Oct 2020-Sept 2021 at $5, 000/month. Tenant pays ALL utilities and upkeep! Amazing opportunity to own a HUGE 9 bed, 3 bath duplex in SE Minneapolis 1.2 miles from the U of M. The property has gone through an extensive remodel in the last year including new windows, exterior and interior paint, new kitchens With stainless steel appliances and quartz countertops, new bathrooms, refinished hardwood floors and new mechanicals. The 3rd floor has a wet bar and hookup for a stove done, so every floor can have it's own kitchen and bathroom. Huge bedroom sizes! This duplex is turn key, leased, and ready for you to cash flow!
    List Price: $499,700
    Sold Price: $498,200
    Sold Date: 11/17/2020
    Price/sq ft: $130
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1904
    Neighborhood/Area: Como
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55414

    Interior

    Fin Sq Ft / Living Area: 3,834 ft²
    Above Ground Living: 3,834 ft²
    Below Ground Living: 0 ft²
    Basement Details: Block, Concrete, Unfinished, Storage Space, Shared Access

    Exterior

    Heating System: Forced Air, Hot Water
    Foundation Size: 1,405 ft²
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2

    Lot

    Acres: 0.12
    Latitude: 44.99204900
    Longitude: -93.23115300
    Lot Size Dim.: 40x131.77
    Dev/Complex Name: Elwells 2nd Add

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,300
    Annual Fuel Expense: $2,100
    Annual Insurance Expense: $2,400
    Annual Maintenance Expense: None
    Annual Gross Expense: $9,360
    Annual Trash Expense: $360
    Annual Water/Sewer Expense: $1,200

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $4,500
    Assessment Pending: No
    Taxes w/ Assessments: $4,500

    Income

    Annual Gross Income: $66,000

    Rent

    Unit 1 Monthly Rent: None
    Unit 2 Monthly Rent: $3,667

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Realty Group LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.