For Sale: Minneapolis MLS# 7135334
Active
NEW!
$600,000
Multi-family: Fourplex
12 br • 4 ba • Built 1921
4,196 sqft • 0.122 acres
Minneapolis schools
MLS# 7135334
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Property Description
Massive hard to find Cash flowing 4 unit building featuring 12 beds and 4 baths in Near North, perfect for the owner occupier to supplement living expenses or the investor alike with the building's fully occupied rent total potential sitting right around $100, 000 annually. All 4 units feature nice newer eat in kitchens with stone countertops, 3 nice sized bedrooms, newer baths, and more. Each unit also has separate furnaces and water heaters, plus there is a large parking area out back for off street parking.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$600,000
Price per sq ft:
$143
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1921
State:
MN
Property Style:
Fourplex
Zip Code:
55411
Neighborhood/Area:
57
Subdivision Name:
Oak Park Add
Interior
Bedrooms:
12
Bathrooms:
4
Finished Area:
4,196 ft2
Living Area:
4,196 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
2,112 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.122
Geolocation:
44.988515, -93.305376
Lot Dimensions:
42.05 x 126.8
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$7,822
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$18,000
Tenant Expenses:
Broadband, Cable TV, Electricity, Gas, Telephone
Financial & Taxes
Tax Year:
2024
Annual Taxes:
None
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$92,160
Misc. Annual Income:
$73,939
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.