For Sale: New Hope MLS# 6826678
Active
$539,900
Multi-family: Four Plex
7 br • 4 ba • Built 1965
3,200 sqft • 0.35 acres
MLS# 6826678
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Property Description
Excellent investment opportunity at 2725 Virginia Ave in Crystal! This well maintained 4-plex multifamily property features four total units, including three 2-bedroom units and one 1-bedroom unit, offering a desirable unit mix for strong rental appeal. The building includes a common laundry room for tenant convenience and added income potential. Located in a quiet residential neighborhood, the property provides easy access to parks, shopping, dining, public transit, and major highways - an ideal location for both tenants and owners. With consistent demand for multi-unit housing in Crystal, this property presents a solid opportunity for investors looking to expand their portfolio or owner-occupy.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,900
Price per sq ft:
$169
Property Type:
Multi-family
City:
New Hope
Garage Spaces:
0
County:
Hennepin
Year Built:
1965
State:
MN
Property Style:
Four Plex
Zip Code:
55427
Subdivision Name:
Twin Terra Linda 4th
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,200 ft2
Living Area:
3,200 ft2
Refrigerators:
Four
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,600 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
- Asphalt
- Open
- Parking Lot
Road Frontage:
City Street
Pool:
None
Roof Details:
Age Over 8 Years
Rooms
Laundry:
Common Area
Lot & Land
Acres:
0.35
Geolocation:
45.008442, -93.384315
Lot Dimensions:
E 100X150X95X168
Zoning:
Residential-Multi-Family
Schools
School District:
1271
District Phone:
7635048000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,000
Annual Fuel Expense:
None
Annual Insurance Expense:
$6,000
Annual Maintenance Expense:
$3,000
Annual Trash Expense:
$3,000
Annual Water/Sewer Expense:
$4,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,439
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,439
Income
Annual Gross Income:
$39,600
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 RE/MAX Results.
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.