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Sold
List: $340,000
$361,111
/mo   Edit
MLS# 4992127
Undisclosed Address
Minneapolis, MN 55408
Multi-family  /  2 Stories
2,615 fin sqft  /  0.13 acres
Built 1886  /  Minneapolis schools
Info: 612-578-9939
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    Description:   Rare opportunity to own a triplex close to great amenities and Uptown. The rental license is the sought after Tier 1. This property could easily be owner-occupied or simply an investment. Currently all three units plus the garage are rented with total gross revenue of $3, 475 per month plus laundry income. See supplements for lease terms. Each unit is unique. Plenty of room to increase rents to market standards when you make improvements to the property. Price reflects current condition.
    List Price: $340,000
    Sold Price: $361,111
    Sold Date: 09/14/2018
    Price/sq ft: $130
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: 2 Stories
    Year Built: 1886
    Neighborhood/Area: Lyndale
    City: Minneapolis
    Zip Code: 55408

    Interior

    Fin Sq Ft / Living Area: 2,615 ft²
    Above Ground Living: 2,615 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Three
    Total Refrigerators: Three
    Basement Details: Full, Concrete Block, Stone, Unfinished

    Exterior

    Heating System: Radiant
    Foundation Size: 1,300 ft²
    Shared Amenities: Coin-op Laundry Owned
    Fencing: Chain Link, Full
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Shakes
    Garage Spaces: 2
    Roof Details: Asphalt Shingles, Age Over 8 Years

    Lot

    Acres: 0.13
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Medium
    Latitude: 44.94589600
    Longitude: -93.28341400
    Lot Size Dim.: 45X124
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,786
    Annual Insurance Expense: $3,677
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: $15,675
    Total Annual Expenses: $15,675
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,410
    Owner Expenses: Taxes, Insurance, Water/Sewer, Fuel, Maintenance/Repair, Trash, Snow, Lawn
    Tenant Expenses: Electric, Cable T.V.

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $6,281
    Assessment Pending: No
    Taxes w/ Assessments: $6,281

    Income

    Annual Gross Income: 41700.00
    Misc. Monthly Income: $33

    Rent

    Unit 1 Monthly Rent: $950
    Unit 2 Monthly Rent: $900
    Unit 3 Monthly Rent: $1,500

    Unit

    Total Units: 3

    Miscellaneous

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

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    Richard Smyth
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    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.
    763-270-4334

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    Listing provided by RMLS, courtesy of Bridge Realty, LLC