For Sale: Minneapolis MLS# 6583080
Active
$485,000
Commercial: Apartments
Built 1889
0.19 acres
Minneapolis schools
MLS# 6583080
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Property Description
This is a remarkable investment opportunity. It is perfect for investors who are looking to get into a cash-flowing investment property. 8 total bedrooms and 5 total baths. These are three fully leased condos in a triplex-style building that promises excellent cash flow and long-term stability. They are zoned as three separate condos, which offers a unique chance to own three properties under one roof. This property offers excellent cash flow and long-term stability. All three condos have the same owner. Unit C: nearly 2, 000 sq ft, spans two levels with 4 bedrooms and 2 bathrooms. Recent updates include a new refrigerator, rants and newly installed bathroom in the attic, and new carpeting in main living areas. Unit B: Nearly 1, 200 sq ft, recently updated in 2020 with new flooring, bathroom fixtures, kitchen upgrads, new living room windows, a deck and an updraded electrical panel. Unit A: 820 sq ft, 2 bedrooms, 1 bathroom with side access to the yard and a dining room area
Listing
Listing Status:
Active
Contingency:
None
List Price:
$485,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1889
State:
MN
Property Style:
Apartments
Zip Code:
55407
Neighborhood/Area:
Central
Subdivision Name:
Condo 0162 Wolverton Condo
Interior
Ranges:
Three
Refrigerators:
Three
Appliances Included:
- Dishwasher
- Dryer
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Storage/Locker
Exterior
Stories:
Three Or More
Garage Spaces:
3
Other Parking Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,974 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- More Parking Onsite for Fee
- Paved
Shared Amenities:
- Deck
- Patio
Exterior Material:
- Other
- Stucco
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.19
Geolocation:
44.94444, -93.268128
Inclusions:
Building, Leases, Other, Rental License
Lot Dimensions:
42.1 x 119.35
Addl Parcels:
0302824140230, 0302824140231
Zoning:
- Other
- Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Gross Expense:
$2,103
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,708
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,708
Income
Annual Gross Income:
$61,800
Rent
Annual Net Income:
$40,797
Units
Total Units:
3
Unit Number:
A, B, C
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Keller Williams Premier 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.