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List: $340,000
/mo   Edit
MLS# 4992127
3118 Pleasant Avenue
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


    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


    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


    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


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


    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


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


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


    Total Units: 3


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

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    Bay Equity
    Mona Edick
    Senior Loan Officer
    Bay Equity Home Loans NMLS#452504
    Mona Edick, Senior Loan Officer with Bay Equity Home Loans, offers a wide array of mortgage choices, competitive rates and flexible terms and conditions so you can find the mortgage solution that best fits your needs. During her 15 years of experience in the mortgage industry, she has shared her expertise to personally assist hundreds of families with responsible and affordable home financing.

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    Listing provided by RMLS, courtesy of Bridge Realty, LLC