Sold: Minneapolis MLS# 6094639
Sold
$268,500 (list price)
$245,000
Multi-family: Duplex Side by Side
Built 1952
1,340 sqft•0.11 acres
Minneapolis schools
MLS# 6094639
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Property Description
Looking for a great investment property? Come see this side-by-side bungalow duplex close to bus, light rail, and walking distance to restaurants and bars. 2 Beds/2Baths total. Hardwood floors and engineered floors throughout. Updated kitchens. Separate laundry per unit in the lower level. Newer furnace and water heater. Space in the basement to double the size of each unit. Quiet neighborhood, plenty of off street parking in the back of the house. Close proximity to Lake Nokomis Beach. Get in and out of downtown Minneapolis without getting on the highway. 4137 unit rented for $950/month. 4139 unit rented for $1025 a month with current tenant lease through end of May 2022.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$268,500
Sold Price:
$245,000
Sold Date:
11/12/2021
Price per sq ft:
$200
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1952
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55407
Neighborhood/Area:
Bryant
Subdivision Name:
C W Bowens Add
Interior
Finished Area:
1,340 ft2
Living Area:
1,340 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,340 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Open
Road Frontage:
- City Street
- Sidewalks
Exterior Material:
Wood Siding
Roof Details:
- Age Over 8 Years
- Asphalt
- Pitched
Lot & Land
Acres:
0.11
Geolocation:
44.927568, -93.265944
Lot Dimensions:
116 x 41
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
$1,320
Annual Electric Expense:
$1,200
Annual Fuel Expense:
$800
Annual Insurance Expense:
$2,873
Annual Maintenance Expense:
$200
Annual Gross Expense:
$5,500
Annual Trash Expense:
$680
Annual Water/Sewer Expense:
$1,000
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2021
Annual Taxes:
$3,526
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,526
Land Lease Amount:
0
Income
Annual Gross Income:
$23,700
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
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 Coldwell Banker Realty.
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.