For Sale: Minneapolis MLS# 6700225
Active
$600,000
Multi-family: Four Plex
Built 1960
4,476 sqft • 0.12 acres
Minneapolis schools
MLS# 6700225
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Property Description
Classic, well maintained fourplex in the Howe neighborhood. Strong rental area with high walkability and proximity to public transportation. Current tenants have been wonderful, and all four units are leased for the next year. All four units include one bedroom, a full bathroom & spacious kitchen/living room. Partial finished lower level (non-conforming 5th unit) may be an owner-occupant option. Four off-street parking spaces and shared green space located behind the property. Coin-op laundry in lower level. A great turnkey investment for your portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$600,000
Price per sq ft:
$134
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Four Plex
Zip Code:
55406
Neighborhood/Area:
Howe
Interior
Finished Area:
4,476 ft2
Living Area:
4,476 ft2
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,518 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.12
Geolocation:
44.933573, -93.213139
Lot Dimensions:
125 x 40
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$500
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$4,000
Annual Maintenance Expense:
$6,500
Annual Gross Expense:
$28,925
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
$4,000
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,918
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,918
Income
Annual Gross Income:
$65,880
Misc. Annual Income:
$472
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Re/Max Advantage Plus.
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.