For Sale: Minneapolis MLS# 7017730
Active
NEW!
$575,000
Multi-family: 2 Stories
9 br • 4 ba • Built 1908
6,366 sqft • 0.17 acres
MLS# 7017730
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Property Description
5-plex in Minneapolis that transcends that elusive 1% rule! Very well maintained. 4 identical 2/1 units on the main and upper floors and huge 3/1 +office unit in the basement! Tenants pay electric (metered separately, Owner pays gas. Great cash flowing property, with room to go up in rents for even more cash flow!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$575,000
Price per sq ft:
$90
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1908
State:
MN
Property Style:
2 Stories
Zip Code:
55404
Neighborhood/Area:
78
Subdivision Name:
Eliots Add
Interior
Bedrooms:
9
Bathrooms:
4
Finished Area:
6,366 ft2
Living Area:
6,366 ft2
Basement Details:
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Foundation Size:
2,233 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Parking Lot
- Paved Lot
Lot & Land
Acres:
0.17
Geolocation:
44.961657, -93.255176
Lot Dimensions:
67 x 119
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$5,000
Annual Insurance Expense:
$7,500
Annual Maintenance Expense:
$7,250
Annual Trash Expense:
$3,000
Annual Water/Sewer Expense:
$3,000
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,979
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$10,979
Income
Annual Gross Income:
$72,600
Rent
Annual Net Income:
$27,410
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- 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 Wits 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.