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For Sale:  Hopkins MLS# 7006688

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Active NEW!
$495,000
/mo Edit
Multi-family:  2 Stories
6 br • 4 ba • Built 1969
2,984 sqft • 0.17 acres
Crandon schools
MLS# 7006688
763-576-8286
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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: $166
    Property Type: Multi-family
    City: Hopkins
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1969
    State: MN
    Property Style: 2 Stories
    Zip Code: 55343
    Subdivision Name: Lenher Terrace

    Interior

    Bedrooms: 6
    Bathrooms: 4
    Finished Area: 2,984 ft2
    Living Area: 2,984 ft2
    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 Garage
    Road Frontage: Cul De Sac
    Exterior Material:
    • Concrete
    • Frame
    Roof Details: Asphalt

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.17
    Geolocation: 44.930948, -93.393439
    Lot Dimensions: 75 x 100
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 1218
    District Phone: 9529884000

    Expenses

    Annual Caretaker Expense: $2,006
    Annual Electric Expense: $100
    Annual Fuel Expense: $15
    Annual Insurance Expense: $1,500
    Annual Maintenance Expense: $1,893
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $500

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,976
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,976

    Income

    Annual Gross Income: $33,425

    Rent

    Annual Net Income: $28,968

    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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    Payment:  /mo

    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!

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    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.