For Sale: Minneapolis MLS# 6528507
Active
$225,000
Multi-family: Duplex Up and Down
Built 1900
1,231 sqft • 0.13 acres
Minneapolis schools
MLS# 6528507
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Property Description
TURN-KEY INCOME PROPERTY ON A HUGE LOT IN JORDAN! This property sets on a fully fenced double-wide lot. $30, 000 gross annual income. The upper level 1-bedroom is tenant-occupied on a 1-year lease @ $1175/month. The 2-bedroom unit is vacant, so this home is available for owner-occupant buyers! Pay the majority of your mortgage with rental income!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Price per sq ft:
$183
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55411
Neighborhood/Area:
Jordan
Subdivision Name:
Forest Heights
Interior
Finished Area:
1,231 ft2
Living Area:
1,231 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
705 ft2
Fencing:
Chain Link, Full
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Exterior Material:
Other
Roof Details:
Pitched
Lot & Land
Acres:
0.13
Geolocation:
45.005839, -93.305966
Lot Dimensions:
63 x 91
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
None
Annual Gross Expense:
$6,770
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,310
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,570
Income
Annual Gross Income:
$30,300
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of eXp 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.