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Contingent
Listed
$340,000
/mo   Edit
MLS# 5688590
Multi-family
Built 1963
2,084 fin sqft
Minneapolis schools
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    Description:   This duplex has great bones (Both Furnaces, A/Cs, and water heaters replaced in 2018! Plus Roof 2015.) and solid cash flow! (Rents=$30, 000 annual income.) Current tenants have signed thru at least Sept. 30th 2021. MAC improvements included windows, storm doors, insulation/sound proofing & duct work. 2 car garage plus bonus carport. Plenty of storage/potential more fin sq ft in the lower levels. Current owner has owned since 2002 and has had the same renter on the 5754 side since day one.
    List Price: $340,000
    Price/sq ft: $163
    Property Type: Multi-family
    Listing Status: Contingent
    Contingency: Inspection
    Property Style: Duplex Side by Side
    Year Built: 1963
    Neighborhood/Area: Morris Park
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55417

    Interior

    Fin Sq Ft / Living Area: 2,084 ft²
    Above Ground Living: 1,784 ft²
    Below Ground Living: 300 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full, Partially Finished, Egress Window(s)

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,784 ft²
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Stucco, Brick/Stone
    Garage Spaces: 2
    Roof Details: Asphalt

    Lot

    Acres: 0.13
    Lot Description: Public Transit (w/in 6 blks)
    Latitude: 44.89839000
    Longitude: -93.22204600
    Lot Size Dim.: 44x127
    Dev/Complex Name: Cummings Park View
    Zoning: Residential-Multi-Family

    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: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $3,986
    Assessment Pending: Unknown
    Taxes w/ Assessments: $3,986

    Income

    Annual Gross Income: $30,000

    Rent

    Unit 1 Monthly Rent: $1,350
    Unit 2 Monthly Rent: $1,150

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Local Home Mortgage Professional

    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
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