For Sale: New Brighton MLS# 7033612
Active
NEW!
$309,000
Multi-family: 2 Stories
4 br • 2 ba • Built 1882
864 sqft • 0.113 acres
MLS# 7033612
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Property Description
Welcome to your new investment property! This is a perfect investment for a seasoned investor or somebody just looking to get started, move into a unit when the lease is up, and have the other half of the property pay for many of your living expenses!
Per tenants' leases: Unit 1 tenant pays for their own electric, gas, internet/cable, telephone, trash. Landlord pays water. Rent is $1, 310/month. Lease ends 07/31/2026.
Unit 2 tenants pays $1, 225/month and pays for electric, internet cable and telephone. Landlord pays for water/sewer, gas and trash. Lease ends 11/30/2026.
Tenants occupy both units so showing times are limited and 24 hour notice is required, please! Seller has never been to the property so sale is "as is".
Listing
Listing Status:
Active
Contingency:
None
List Price:
$309,000
Price per sq ft:
$358
Property Type:
Multi-family
City:
New Brighton
Garage Spaces:
0
County:
Ramsey
Year Built:
1882
State:
MN
Property Style:
2 Stories
Zip Code:
55112
Subdivision Name:
First Add To, New Brighton
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
864 ft2
Living Area:
864 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
864 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
Gravel
Roof Details:
Architectural Shingle
Lot & Land
Acres:
0.113
Geolocation:
45.060525, -93.192718
Lot Dimensions:
40X124
Zoning:
Residential-Multi-Family
Schools
School District:
2090
District Phone:
6516216001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$600
Annual Fuel Expense:
$1,250
Annual Insurance Expense:
$3,194
Annual Maintenance Expense:
$850
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$640
Tenant Expenses:
Cable TV, Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,582
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$4,582
Income
Annual Gross Income:
$30,420
Rent
Annual Net Income:
$30,420
Units
Total Units:
2
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
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 Financially Free, 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.