For Sale: Minneapolis MLS# 7005957
Active
NEW!
$234,000
Multi-family: Four Plex
5 br • 4 ba • Built 1900
2,148 sqft • 0.08 acres
MLS# 7005957
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Property Description
This listing's price will decrease by $1k everyday until it sells! This is your opportunity to own a convenient 4-plex in an in-demand part of South Minneapolis. Bring your vision to re-energize this unique property. This property is condemned and will need virtually everything done on the inside, but the exterior is in good shape. Serious investors only. Get it before someone else does!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$234,000
Price per sq ft:
$109
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55409
Neighborhood/Area:
40
Subdivision Name:
Higman Ridgway & Cos Add
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
2,148 ft2
Living Area:
2,148 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
840 ft2
Foundation Dimensions:
42x20
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Gravel
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.08
Geolocation:
44.935681, -93.277357
Lot Dimensions:
45 x 76
Zoning:
Residential-Multi-Family
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$1,000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,766
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,766
Income
Annual Gross Income:
$48,000
Rent
Annual Net Income:
$38,000
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of BRIX Real Estate.
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.