Minneapolis, MN 55409

$959,000
4,200
SqFt
List Price
$959,000
MLS#
5011226
Status
INSPECTION
Type
Multifamily
Style
(MF) Low Rise (3- Levels)
Living Area
4,200
Acres
0.12
Neighborhood
King Field
Year Built
2013

Property Description

This recently built four unit building in South Minneapolis is a perfect investment opportunity for an owner occupant or an investor looking to add class A units to their portfolio. Each of the four units has two bedrooms and two bathrooms, with open floorplan, in-unit laundry, modern finishes, and tons of natural light. The property has been meticulously maintained and cared for by owner and tenants. Units are highly desirable, easy to rent, and generate a combined $7,500 in monthly revenue.

Additional Information

School District
Minneapolis
Tax Amount
$14,266
Tax Year
2018
Total Num Units
4
Total Annual Expenses
27234
Annual Rent
18000
Annual Gross Income
90000
Annual Repair Expense
1800
Annual Insurance Expense
2368
Annual Maintenance Expen
1200
Construction Status
Previously Owned
Fuel
Natural Gas
Sewer
City Sewer/Connected
Exterior
Cement Board
Has Supplements
Yes
Heating
Forced Air
Water
City Water/Connected
Handicap Accessible
Wheelchair Ramp, Reduced Height Counters, Lowered Switches/Controls, Door Lever Handles
Basement
Full, Finished (Livable), Drain Tiled, Sump Pump, Egress Windows, Poured Concrete
Garage Spaces
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RES Realty.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2018 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.