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$499,700  (list price)
/mo   Edit
MLS# 5653133
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


    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


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


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


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


    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


    Annual Gross Income: $66,000


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


    Total Units: 2


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

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    Get to know our Home Mortgage Professionals

    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    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.

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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 and should be verified by the buyer.