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Active
Listed
$950,000
/mo   Edit
MLS# 5266947
Multi-family
Built 1904
5,350 fin sqft
Minneapolis schools
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    Description:   Great cash flowing investment opportunity in Minneapolis. This property is conveniently located blocks from the Minneapolis Institute of Arts, near Uptown, and Downtown Minneapolis. The home features four large units with two bedrooms and one bathroom in each unit, unit 2 has potential for a third bedroom, with minimal costs. This is a great opportunity for an investor or owner/occupant! Conveniently, located close to restaurants, highways, public transportation, shopping, parks and so much more. Please allow 24 hour notice for showings.
    List Price: $950,000
    Price/sq ft: $178
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Four Plex
    Year Built: 1904
    Neighborhood/Area: Whittier
    City: Minneapolis
    Zip Code: 55404

    Interior

    Fin Sq Ft / Living Area: 5,350 ft²
    Above Ground Living: 4,500 ft²
    Below Ground Living: 850 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Finished (Livable)

    Exterior

    Heating System: Hot Water
    Foundation Size: 1,565 ft²
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 2

    Lot

    Acres: 0.26
    Construction Status: Previously Owned
    Lot Description: Corner Lot
    Latitude: 44.95751300
    Longitude: -93.28082300
    Lot Size Dim.: 164X68
    Dev/Complex Name: J T Blaisdells Rev Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $1,800
    Annual Electric Expense: $780
    Annual Fuel Expense: $3,600
    Annual Insurance Expense: $3,600
    Annual Maintenance Expense: $1,000
    Annual Repair Expense: $1,000
    Annual Gross Expense: $12,800
    Total Annual Expenses: $12,800
    Annual Trash Expense: $1,900
    Annual Water/Sewer Expense: $1,900
    Owner Expenses: Taxes, Insurance
    Tenant Expenses: Insurance, Water/Sewer, Electric, Trash

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $11,872
    Assessment Pending: No
    Taxes w/ Assessments: $11,872

    Income

    Annual Gross Income: 76140.00

    Rent

    Unit 1 Monthly Rent: $1,810
    Unit 2 Monthly Rent: $1,405
    Unit 3 Monthly Rent: $1,405

    Unit

    Total Units: 4

    Miscellaneous

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

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    Jason Roaldson
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    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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