For Sale: Minneapolis MLS# 7070622
Active
$519,900
Multi-family: Fourplex
4 br • 4 ba • Built 1948
3,128 sqft • 0.14 acres
Minneapolis schools
MLS# 7070622
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Property Description
Solid, cash flowing 4-plex in prime, SW Mpls location. Four, 1/1 900ft2 units. Fully rented - never an issue getting solid renters. Convenient location close to main hwy's yet tucked away in Windom neighborhood, Kowalski's, S Lyndale Wine & Deli, Bachman's & all the trails, parks & great restaurants, schools SW is known for. Coin-op laundry in basement as well as plenty of storage & work spaces. Well cared for with regular maintanence done proactively - newer appliances, paint, throughout. Common areas very clean/neat & cared for. Backyard w/ shed & 4 off-street parking spots. Newer mechanicals. Split electrical & gas meters. Apprx $1k/m rent per unit.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$519,900
Price per sq ft:
$166
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1948
State:
MN
Property Style:
Fourplex
Zip Code:
55419
Neighborhood/Area:
86
Subdivision Name:
Grand Ave Park
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
3,128 ft2
Living Area:
3,128 ft2
Refrigerators:
Four
Basement Details:
- Full
- Shared Access
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,564 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Patio
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.14
Geolocation:
44.899354, -93.287879
Lot Dimensions:
118 x 50
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$300
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,652
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,838
Income
Annual Gross Income:
$49,200
Misc. Annual Income:
$1,000
Rent
Annual Net Income:
$35,000
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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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Verde Real Estate Group.
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.