For Sale: Minneapolis MLS# 6701512
Active Contingent
$725,000
Multi-family: Four Plex
Built 1900
3,616 sqft • 0.12 acres
Minneapolis schools
MLS# 6701512
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Property Description
Welcome to 3443 Colfax Ave S, MPLS! A well-maintained, fully leased 4-plex offering strong cash flow in one of Minneapolis' most desirable neighborhoods. Annual income is $73, 308 (monthly income is $6, 109).
Perfect for an investor or an owner-occupantâ?? a 2-BR unit is month-month. A true plug-and-play asset in the heart of Uptown.
Tucked on a quiet street just steps from Kingâ??s Highway and the Lyndale Rose Garden, the location offers the perfect blend of urban convenience and neighborhood charm.
The building includes:
One 3-bedroom, 2-bath unit
Two 2-bedroom, 1-bath units
One 1-bedroom, 1-bath unit
Plus a 2-car detached garage (rented for $225/month)
All units feature updated appliances, flooring, fixtures, and fresh paint, with regular annual refreshes to maintain appeal and rental demand. Coin-operated laundry in the lower level provides added income. Come check out this fantastic opportunity!
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$725,000
Price per sq ft:
$200
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
55408
Neighborhood/Area:
South Uptown
Subdivision Name:
Remingtons 2nd Add
Interior
Finished Area:
3,616 ft2
Living Area:
3,616 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Full
- Shared Access
- Storage Space
- Storage/Locker
- Unfinished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
2
Garage Dimensions:
20x10
Garage Size:
200 ft2
Foundation Size:
1,438 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Hot Water
Parking Features:
- Asphalt
- Detached
Shared Amenities:
- Coin-op Laundry Owned
- Common Garden
- Patio
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
- Street Lights
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.12
Geolocation:
44.939873, -93.291645
Lot Dimensions:
42 x 129
Zoning:
Residential-Multi-Family
Lot Description:
- Some Trees
- Underground Utilities
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$216
Annual Fuel Expense:
$1,632
Annual Insurance Expense:
$3,000
Annual Maintenance Expense:
$1,500
Annual Gross Expense:
$4,380
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$2,640
Tenant Expenses:
Cable TV, Electricity, Other, Parking Fee
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,952
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,952
Income
Annual Gross Income:
$73,308
Misc. Annual Income:
$1,000
Misc. Monthly Income:
$100
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Fox Realty.
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.