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Pending
$450,000
/mo   Edit
MLS# 5676945
Multi-family
Built 1929
2,924 fin sqft
Minneapolis schools
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    Description:   Charming 4-unit apartment building with 2 car detached garage. All units are currently rented with long-term tenants. All units are one bedroom units with identical layouts. All units feature hardwood floors throughout, a front and back door, spacious living/ dining room spaces, separate sizable kitchen and a nice sized bedroom. Full basement with utilities, laundry, large utility sink and 8 storage lockers. Lot is fully fenced in with a chain link fence. Backyard has tenant maintained garden beds and a detached 2 car garage. Nearly all windows replaced in the last 3 years. Garage and building roof replaced approximately 8 years ago. All leases are currently month-to-month with a 60 day notice required to vacate. I mile to Lake Nokomis. Brand new grocery store opening nearby. Near many amazing amenities, shops, restaurants and parks!
    List Price: $450,000
    Price/sq ft: $154
    Property Type: Multi-family
    Listing Status: Pending
    Contingency: None
    Property Style: Apartments
    Year Built: 1929
    Neighborhood/Area: Powderhorn Park
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55407

    Interior

    Fin Sq Ft / Living Area: 2,924 ft²
    Above Ground Living: 2,924 ft²
    Below Ground Living: 0 ft²
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Full

    Exterior

    Heating System: Hot Water
    Foundation Size: 1,468 ft²
    Fencing: Chain Link, Full
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco
    Garage Spaces: 2
    Roof Details: Rubber

    Lot

    Acres: 0.11
    Lot Description: Tree Coverage - Light, Public Transit (w/in 6 blks)
    Latitude: 44.93525300
    Longitude: -93.24773800
    Lot Size Dim.: 122 x 40
    Dev/Complex Name: Bidlemans Add
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $300
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,696
    Annual Maintenance Expense: $500
    Annual Gross Expense: $15,113
    Annual Trash Expense: $1,800
    Annual Water/Sewer Expense: $1,800
    Tenant Expenses: Electricity, Fuel

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $6,517
    Assessment Pending: Unknown
    Taxes w/ Assessments: $6,517

    Income

    Annual Gross Income: $38,760

    Rent

    Unit 1 Monthly Rent: $820
    Unit 2 Monthly Rent: $795

    Unit

    Total Units: 4

    Miscellaneous

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

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of eXp Realty.
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