For Sale: Minneapolis MLS# 6700008
Active
$299,000
Multi-family: Duplex Side by Side
Built 1966
3,464 sqft • 0.12 acres
Minneapolis schools
MLS# 6700008
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Property Description
Newly renovated side by side duplex! Property is turnkey with a HUGE value add opportunity in the full basement on each side. Can add 2 bedrooms and a bathroom to each side and finish the remaining 1, 732 of unfinished sq ft to make this an 8 bed, 4 bath 3, 464 sq ft side by side duplex with annual gross rents of $57, 768. Property is fully occupied with both leases expiring in September and October of this year. Current annual gross rent at $36, 000.
Buyers agents to verify all measurements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,000
Price per sq ft:
$86
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1966
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55412
Neighborhood/Area:
Folwell
Interior
Finished Area:
3,464 ft2
Living Area:
3,464 ft2
Basement Details:
Full
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
1,732 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Brick/Stone
- Wood Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
45.021904841, -93.2934334026
Lot Dimensions:
40 x 126
Zoning:
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:
$3,006
Annual Maintenance Expense:
$260
Annual Gross Expense:
$6,173
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,107
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,111
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,705
Income
Annual Gross Income:
$36,000
Units
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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Listing provided by RMLS,
courtesy of Real Broker, LLC.
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.