For Sale: Minneapolis MLS# 7012824
Active
NEW!
$300,000
Multi-family: 2 Stories
4 br • 2 ba • Built 1916
3,080 sqft • 0.12 acres
MLS# 7012824
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Property Description
Stunning, recently renovated up/down duplex offering a fantastic opportunity for an owner-occupant or investor seeking strong cash flow. The upper unit has been beautifully updated with 21 brand-new windows, fresh paint, new kitchen and bathroom flooring, refinished hardwood floors, new countertops and light fixtures, a new refrigerator, new bathroom vanity and toilet, and a resurfaced bathtub with a new surround. This unit is vacant and move-in ready, ideal for an owner-occupant or new tenant, while the lower unit is occupied by a long-term tenant providing immediate rental income. Each unit features two bedrooms, one bathroom, a bright sunroom, spacious living room, formal dining room, and a large kitchen, with the upper unit also offering a bonus office or den perfect for working from home. Additional value-add potential includes a large unfinished basement and attic space for future expansion or storage. Priced below market value to factor in exterior repairs that can't be completed in the cold and to encourage a quick sale, this one will give you instant equity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$300,000
Price per sq ft:
$97
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1916
State:
MN
Property Style:
2 Stories
Zip Code:
55411
Neighborhood/Area:
57
Subdivision Name:
Oak Park Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
3,080 ft2
Living Area:
3,080 ft2
Refrigerators:
Two
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,540 ft2
Foundation Dimensions:
55x28
Fencing:
Full
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
Open
Shared Amenities:
Laundry
Road Frontage:
City Street
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.12
Geolocation:
44.989208, -93.306093
Lot Dimensions:
42.04 X 126.6
Zoning:
Residential-Multi-Family
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
$1,200
Annual Electric Expense:
$452
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,229
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$1,050
Annual Water/Sewer Expense:
$2,545
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,201
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,201
Income
Annual Gross Income:
$34,950
Rent
Annual Net Income:
$19,073
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 Total Freedom 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.