For Sale: Minneapolis MLS# 6685707
Active Contingent
$589,900
Multi-family: Apartments
Built 1913
3,124 sqft • 0.11 acres
Minneapolis schools
MLS# 6685707
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Property Description
This well maintained, cash-flowing 4 plex is a rare find. This building is great for an owner occupant. It will help lower your living expenses while providing a great place to live. Or own as an investor and have an easy building in your portfolio. Current Tenants have been amazing. Rents are $5, 500/month total. Ea unit: 2 main beds and a front sun room that can be used as a bedroom or office. Off street parking lot. Jump on this turn key 4 plex.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$589,900
Price per sq ft:
$189
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1913
State:
MN
Property Style:
Apartments
Zip Code:
55404
Neighborhood/Area:
Midtown Phillips
Interior
Finished Area:
3,124 ft2
Living Area:
3,124 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,562 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Steam
Parking Features:
- Assigned
- Concrete
- Open
- Shared Driveway
Shared Amenities:
- Coin-op Laundry Owned
- Deck
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.11
Geolocation:
44.955691, -93.253242
Lot Dimensions:
84.5 X 58
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$534
Annual Fuel Expense:
$2,125
Annual Insurance Expense:
$4,565
Annual Maintenance Expense:
$500
Annual Gross Expense:
$12,294
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,049
Tenant Expenses:
Cable TV, Electricity, Fuel
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,094
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,094
Income
Annual Gross Income:
$66,000
Units
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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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.