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Sold
Sold
$309,900  (list price)
$309,900
/mo   Edit
MLS# 5248581
Multi-family
Built 1900
1,360 fin sqft
Minneapolis schools
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    Description:   Charming duplex built in 1900 with a beautiful view of Minnehaha Creek. Walk out the door and be on the trail in seconds. Walking distance to Minnehaha Falls, the light rail and the bus stop. 10 minutes to downtown Minneapolis, St Paul and the airport. Hardwood floors in each unit. BRAND NEW ROOF as of June 5th on the house and garage. New furnace for upper unit. Owner has had success renting the lower level as VRBO! Estimated income reflects average/varied VRBO occupancy in one unit. Expenses are estimated averages for the whole house. Great income opportunity in a highly sought after part of town! Buyer's agent to verify all measurements.
    List Price: $309,900
    Sold Price: $309,900
    Sold Date: 07/19/2019
    Price/sq ft: $228
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    Neighborhood/Area: Ericsson
    City: Minneapolis
    Zip Code: 55406

    Interior

    Fin Sq Ft / Living Area: 1,360 ft²
    Above Ground Living: 1,360 ft²
    Below Ground Living: 0 ft²
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Concrete Block

    Exterior

    Heating System: Forced Air
    Foundation Size: 680 ft²
    Handicap Accessible: None
    Exterior Material: Wood, Vinyl
    Garage Spaces: 2
    Roof Details: Asphalt Shingles, Age 8 Years or Less

    Lot

    Acres: 0.12
    Construction Status: Previously Owned
    Latitude: 44.91861500
    Longitude: -93.22798500
    Lot Size Dim.: 40x126
    Dev/Complex Name: Thorpe Bros Nokomis Terrace Ad

    Schools

    School District: 1 - Minneapolis
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $600
    Annual Fuel Expense: $900
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: $2,820
    Total Annual Expenses: None
    Annual Trash Expense: $660
    Annual Water/Sewer Expense: $660

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $4,011
    Assessment Pending: No
    Taxes w/ Assessments: $4,011

    Income

    Annual Gross Income: 14000.00

    Rent

    Unit 1 Monthly Rent: None

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: Yes
    Owner Occupied: Y
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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