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Sold
Sold
$425,000  (list price)
$425,000
/mo   Edit
MLS# 5658701
Multi-family
Built 1922
3,386 fin sqft
Minneapolis schools
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    Description:   Check out this turnkey duplex in the heart of NE Mpls! Beautifully updated over recent years, this property features newer siding, a newer roof, newer mechanicals and a concrete driveway. The tenants here are great, and also take care of all snow and lawn care so minimal management is required! A Perfect fit for your portfolio whether you're a seasoned investor or a beginner. This would be great for an owner occupant as well!
    List Price: $425,000
    Sold Price: $425,000
    Sold Date: 11/24/2020
    Price/sq ft: $126
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1922
    Neighborhood/Area: Holland
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55418

    Interior

    Fin Sq Ft / Living Area: 3,386 ft²
    Above Ground Living: 2,106 ft²
    Below Ground Living: 1,280 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Finished

    Exterior

    Heating System: Forced Air, Baseboard, Boiler
    Foundation Size: 1,280 ft²
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Vinyl Siding
    Garage Spaces: 2
    Roof Details: Asphalt, Pitched, Age 8 Years or Less

    Lot

    Acres: 0.18
    Lot Description: Tree Coverage - Light
    Latitude: 45.01242700
    Longitude: -93.25060000
    Lot Size Dim.: 43 x 182
    Dev/Complex Name: East Side Add
    Zoning: Residential-Single Family, Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,400
    Annual Maintenance Expense: $1,040
    Annual Gross Expense: $9,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,650
    Tenant Expenses: Electricity, Fuel, Snow Removal, Grounds Care

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $5,392
    Assessment Pending: No
    Taxes w/ Assessments: $5,392

    Income

    Annual Gross Income: $33,060

    Rent

    Unit 1 Monthly Rent: $1,440
    Unit 2 Monthly Rent: $1,315

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin
    Larson
    Movement
    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.
    612.268.1503

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.