For Sale: Hopkins MLS# 7006664
Active
NEW!
$495,000
Multi-family: 2 Stories
6 br • 4 ba • Built 1968
2,548 sqft • 0.18 acres
Crandon schools
MLS# 7006664
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Property Description
Exceptional Investment Opportunity in Hopkins, MN! 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, 200 sq ft, complete with 3 bedrooms, 2 bathrooms, and an unfinished basement, providing ample room for customization and value addition. 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. These properties are close to schools, parks, and everyday conveniences, ensuring steady tenant demand. With an impressive 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:
$194
Property Type:
Multi-family
City:
Hopkins
Garage Spaces:
2
County:
Hennepin
Year Built:
1968
State:
MN
Property Style:
2 Stories
Zip Code:
55343
Subdivision Name:
Meaths Add
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
2,548 ft2
Living Area:
2,548 ft2
Refrigerators:
Two
Basement Details:
Block
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 Garage
Road Frontage:
Cul De Sac
Roof Details:
Age Over 8 Years
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.18
Geolocation:
44.9308731802, -93.3940121254
Lot Dimensions:
77 x 146
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
1218
District Phone:
9529884000
Expenses
Annual Caretaker Expense:
$2,133
Annual Electric Expense:
$110
Annual Fuel Expense:
$15
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,849
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$530
Tenant Expenses:
Cable TV, Electricity, Gas, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,685
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,685
Income
Annual Gross Income:
$33,596
Rent
Annual Net Income:
$14,849
Units
Total Units:
2
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 Advantage Plus.
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.