For Sale: Minneapolis MLS# 7144427
Active
NEW!
$1,200,000
Commercial: Other
10 br • 8 ba • Built 1922
0.24 acres
Minneapolis schools
MLS# 7144427
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Property Description
Great investment near U of M campus. Six units on same property. A Fourplex with four large one bedroom units and a newly constructed duplex (2021). The up/down duplex has three bedrooms, plus office, and two baths in each unit. The duplex is built in 2021, with open kitchens, granite counters, stainless steel appliances and laundry in each unit. Each unit of the duplex has its own HVAC and separate gas and electric. The fourplex has four one bedroom, one bath units with classic built-ins and hardwood floors throughout. Laundry in lower level along with storage space for each unit. Large property with rain gardens, a storage shed and a large, private parking lot. Como neighborhood, near U of M, St. Anthony Main.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1922
State:
MN
Property Style:
Other
Zip Code:
55414
Neighborhood/Area:
14
Subdivision Name:
Cole & Weeks Add
Interior
Bedrooms:
10
Bathrooms:
8
Exterior
Garage Spaces:
0
Air Conditioning:
Central Air, Window Unit(s)
Foundation Size:
4,000 ft2
Handicap Accessible:
Other
Heating System:
- Baseboard
- Forced Air
- Hot Water
Parking Features:
Paved Lot
Shared Amenities:
Coin-op Laundry Owned
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.24
Geolocation:
44.985875, -93.222467
Inclusions:
Leases
Lot Dimensions:
82 x 127
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$1,800
Annual Insurance Expense:
$4,316
Annual Maintenance Expense:
$2,581
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$19,484
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$19,484
Income
Annual Gross Income:
$115,104
Rent
Annual Net Income:
$77,034
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Common
- Heating Separate
- Hot Water Separate
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 Morgan And Trust Realty.
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.