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Active
$750,000
/mo   Edit
Multi-family:  Duplex Up and Down
Built 1910
3,112 sqft
Minneapolis schools
MLS# 6020437
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    Description:   9 bedroom duplex located on a 10, 537 SF lot zoned R5 Multi-family in the very popular Marcy Holmes neighborhood of Minneapolis. Room to additional duplex or tear down current structure and build multi-unit building. Current duplex is rented to college students and has a very strong rental history. Quick access to bus service, U of MN, 35W and downtown Minneapolis. Upper unit is 5 bedroom and currently rents for $2, 450 and the lower unit has 4 bedrooms and rents for $2, 400. Tenants pay all utilities. Site offers 14 parking spaces and each unit has its own laundry machines and lower unit kitchen has been updated. This would make for a great buy and hold, add additional duplex or complete redevelopment.
    List Price: $750,000
    Price per sqft: $241
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1910
    Neighborhood/Area: Marcy Holmes
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55414

    Interior

    Fin Sq Ft / Living Area: 3,112 sqft
    Above Ground Living: 2,312 sqft
    Below Ground Living: 800 sqft
    Basement Details: Finished, Full

    Exterior

    Heating System: Boiler
    Foundation Size: 1,056 sqft
    Handicap Accessible: None
    Exterior Material: Vinyl Siding
    Garage Spaces: 0

    Lot

    Acres: 0.24
    Latitude: 44.98935700
    Longitude: -93.24595800
    Lot Size Dim.: Irregular
    Dev/Complex Name: Auditors Sub 028

    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: $2,500
    Annual Maintenance Expense: $1,500
    Annual Gross Expense: $13,880
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $6,548
    Assessment Pending: No
    Taxes w/ Assessments: $6,548

    Income

    Annual Gross Income: $57,000

    Unit

    Total Units: 2

    Miscellaneous

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

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    Local Home Mortgage Professionals

    Jeff
    Zajac
    Truestone
    Justin
    Larson
    Movement
    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage 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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