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Active
$325,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1900
2,534 sqft • 0.12 acres
Fridley schools
MLS# 6783811
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    Property Description

    Great opportunity to own this charming duplex, income producing property located close to The University of MN, transportation, parks, shopping, and restaurants. This asset offers significant value-add potential through interior upgrades and rent repositioning, making it an excellent opportunity for investors seeking stable cash flow with income growth. The two-story duplex features two spacious units, each with its own private entrance, making it perfect for privacy of tenants. The property also includes a shared backyard, 2 car garage, laundry on the lower level, and up-to-date electrical and gas throughout the home. For more information, please call the co-listing agent

    Listing

    Contingency: None
    Price per sq ft: $128
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55414
    Neighborhood/Area: Como
    Subdivision Name: Glencar Add

    Interior

    Living Area: 2,534 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Finished
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 2
    Foundation Size: 400 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System:
    • Fireplace(s)
    • Forced Air
    Parking Features:
    • Concrete
    • Detached
    Shared Amenities:
    • Concrete Floors & Walls
    • Laundry
    • Patio
    • Porch
    Exterior Material: Stucco
    Roof Details: Age Over 8 Years

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.12
    Geolocation: 44.9903376318, -93.2225669638
    Lot Dimensions: 40 FT x 126 FT
    Zoning: Residential-Multi-Family
    Lot Description: Some Trees

    Schools

    School District: 14
    District Phone: 763-502-5001

    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
    Tenant Expenses: Cable TV, Electricity, Insurance, Other

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,959
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,959

    Income

    Annual Gross Income: $11,940

    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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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.