For Sale: Minneapolis MLS# 6638710
Active
$429,900
Multi-family: Duplex Up and Down
Built 1990
2,376 sqft • 0.06 acres
Minneapolis schools
MLS# 6638710
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Property Description
ASSUMABLE LOAN AT 2.5%!!! Incredible Investment Opportunity! Very Clean Duplex in an Excellent Minneapolis Location, Very Close to the University of MN! Multiple Restaurants, Breweries, Shopping, and Easy Access to the Freeway! Both Units are 3 Bedroom, 1 Bathroom, with a Kitchen, Dining, and Living Room. Total of 6 Bedrooms and 2 Bathrooms. The Lower Level has Been Completely Renovated, Including New Kitchen Cabinetry, New Vinyl Plank Flooring, New Bathroom Vanity, New Carpet, and a New A/C Unit. The The Upper Level is Being Held Vacant to Facilitate Showings and Allow for a Potential Owner Occupant to Assume the Existing FHA Loan! Updates on the Upper Level Include New Carpeting 3 Years Ago, New Paint, New Bathroom Vanity, and New Kitchen Flooring.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$429,900
Price per sq ft:
$181
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1990
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55414
Neighborhood/Area:
Marcy Holmes
Subdivision Name:
Clara E Fuller Add
Interior
Finished Area:
2,376 ft2
Living Area:
2,376 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Foundation Size:
1,188 ft2
Fencing:
Partial, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Association Maintained Road, Public Maintained Road
Heating System:
Radiant
Parking Features:
- Asphalt
- Parking Lot
- Paved
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Private Road
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Vinyl Siding
Roof Details:
- Architectural Shingle
- Asphalt
- Pitched
Lot & Land
Acres:
0.06
Geolocation:
44.988381, -93.238571
Lot Dimensions:
38 x 73 x 40 x 65
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
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:
$900
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,400
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,543
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,543
Income
Annual Gross Income:
$39,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Chestnut Realty Inc.
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.