Pending: Minneapolis MLS# 6639091
Pending
$600,000
Multi-family: Four Plex
Built 1928
2,912 sqft • 0.11 acres
Minneapolis schools
MLS# 6639091
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Property Description
Great investment opportunity with all 4 units being renovated in summer of 2023. Rare turn-key investment in a very strong rental demand area. Current rents are $1, 140 for the bottom two units and $1, 240 for the top two units. Great location near the lakes, in a popular part of south MPLS. Call for more information.*At least 24 hour notice required on all showings*.
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$600,000
Price per sq ft:
$206
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1928
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Standish
Subdivision Name:
Cedar Ave Heights 2nd Add
Interior
Finished Area:
2,912 ft2
Living Area:
2,912 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,456 ft2
Handicap Accessible:
None
Heating System:
Boiler
Exterior Material:
Stucco
Lot & Land
Acres:
0.11
Geolocation:
44.928592, -93.246941
Lot Dimensions:
40 x 122
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Gross Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$1
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$4,156
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,156
Income
Annual Gross Income:
$58,230
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 MRG Realty Partners, LLC.
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.