For Sale: Minneapolis MLS# 6756142
Active
NEW!
$275,000
Multi-family: Four Plex
Built 1900
1,995 sqft • 0.08 acres
Minneapolis schools
MLS# 6756142
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Property Description
Attention seasoned investors! This is a unique opportunity to own a four-plex in a high demand part of S. MPLS. This property originally was a 4-plex with strong cash flow. The home has been cleared out and ready for fresh ideas. Keep it as a 4-plex, or maybe a triplex. Short term, or long term. The potential is here! It will take some work to get it occupied, but it will be worth it. You gotta love the proximity to 38th and Nicollet!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$275,000
Price per sq ft:
$138
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:
King Field
Subdivision Name:
Higman Ridgway & Cos Add
Interior
Finished Area:
1,995 ft2
Living Area:
1,995 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
756 ft2
Foundation Dimensions:
42x18
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Gravel
Exterior Material:
- Stucco
- Wood Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.08
Geolocation:
44.935681, -93.277357
Lot Dimensions:
45 x 76
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:
$3,000
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$10,000
Annual Trash Expense:
$1,000
Annual Water/Sewer Expense:
$1,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,465
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,766
Income
Annual Gross Income:
$48,000
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.