For Sale: Minneapolis MLS# 6643930
Active
NEW!
$549,900
Multi-family: Four Plex
Built 1927
3,000 sqft • 0.12 acres
Minneapolis schools
MLS# 6643930
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Property Description
Fully rented, well maintained & performing 4-plex in high demand, Powderhorn Park - just a block from Matt's! Separately metered gas & electric. 4 x 1 br units - 12 month leases; Rents - Unit 1: $1, 000; Unit 2: $1, 075; Unit 3: $1, 095; Unit 4: $1, 050. Windows replaced 2009. Glass block basement windows replaced 2017. 4 off-street parking spaces behind building as well as shaded patio area. 2 coin-op laundry in basement. 5 newer water heaters and 2 newer boilers. 2 large storage units per apt. Great opportunity for investor or owner-occ!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,900
Price per sq ft:
$183
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1927
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Bidlemans Add
Interior
Finished Area:
3,000 ft2
Living Area:
3,000 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Block
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,500 ft2
Foundation Dimensions:
35x43
Fencing:
Chain Link, Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
Asphalt
Shared Amenities:
- Coin-op Laundry Owned
- Common Laundry
- Lobby Entrance
- Patio
- Security
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
Exterior Material:
- Brick/Stone
- Metal Siding
- Stucco
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.12
Geolocation:
44.936399, -93.247749
Lot Dimensions:
40 x 123
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
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:
$3,500
Annual Maintenance Expense:
None
Annual Gross Expense:
$10,842
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$6,739
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,739
Income
Annual Gross Income:
$41,000
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
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 Verde Real Estate Group.
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.