For Sale: Hopkins MLS# 6672189
Active
$495,000
Multi-family: Duplex Side by Side
Built 1968
2,208 sqft • 0.17 acres
Hopkins schools
MLS# 6672189
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Property Description
Exceptional Investment Opportunity in Hopkins, Minneapolis! Make Your Move Today!
Imagine owning this charming side-by-side duplex in the heart of Hopkins—a dream property that offers both the comforts of home and the promise of long-term financial growth. Each spacious unit spans over 1, 300 sq ft, complete with 3 bedrooms, 2 bathrooms, and an unfinished basement, providing ample room for customization and value addition.
Why This Property is Perfect for You:
• Live & Earn: Enjoy the flexibility of living in one unit while renting out the other, or maximize rental income by leasing both units to tenants at market rates.
• Expand Your Portfolio: Take advantage of the rare opportunity to purchase up to 7 similar units in this sought-after cul-de-sac location.
• Prime Location: Nestled in the desirable Hopkins area, these properties are close to top schools, parks, and everyday conveniences, ensuring steady tenant demand.
• Proven Success: With an impressive 14-year rental occupancy record, this property is a secure and stress-free investment you can count on.
Contact us now—your next great investment awaits!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$495,000
Price per sq ft:
$224
Property Type:
Multi-family
City:
Hopkins
Garage Spaces:
2
County:
Hennepin
Year Built:
1968
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55343
Subdivision Name:
Meaths Add
Interior
Finished Area:
2,208 ft2
Living Area:
2,208 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Block
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,200 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached
Road Frontage:
Cul De Sac
Exterior Material:
Fiber Board
Roof Details:
Asphalt
Lot & Land
Acres:
0.17
Geolocation:
44.931358, -93.393435
Lot Dimensions:
75 x 100
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Schools
School District:
270
District Phone:
952-988-4000
Expenses
Annual Caretaker Expense:
$1,032
Annual Electric Expense:
$110
Annual Fuel Expense:
$100
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,648
Annual Gross Expense:
$6,683
Annual Trash Expense:
$779
Annual Water/Sewer Expense:
$382
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,841
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,841
Income
Annual Gross Income:
$20,123
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 First Select.
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.