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For Sale:  Hopkins MLS# 6724179

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Active
$555,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1950
3,080 sqft • 0.15 acres
Hopkins schools
MLS# 6724179
763-576-8286
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    Property Description

    Side by side duplex Each side: 4 beds / 1 bathroom / 1 detached car garage Roof and mechanicals within 5 years One side vacant ready to owner-occupy, the other side leased until 4/30/26 (duplex is fully remodeled) Current Numbers: • $1, 875/mo (tenant pays directly to gas and electric providers) • $7, 385/yr taxes • $1, 615/yr insurance • $2, 262/yr utilities Pro Froma Numbers: • 1st Unit - $2, 300/mo (tenant pays directly to gas and electric providers) • 2nd Unit - $2, 300/mo (tenant pays directly to gas and electric providers) • $7, 667/yr taxes • $2, 000/yr insurance • $2, 262/yr utilities • $1, 700/yr repair budget • $38, 511 NOI (with 5% vacancy) • 7% Cap Rate at $555k Owner is licensed agent in MN.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $555,000
    Price per sq ft: $180
    Property Type: Multi-family
    City: Hopkins
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1950
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55343

    Interior

    Finished Area: 3,080 ft2
    Living Area: 3,080 ft2
    Basement Details:
    • Egress Window(s)
    • Finished
    • Full
    • Sump Pump

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,640 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached
    Exterior Material:
    • Block
    • Vinyl Siding

    Lot & Land

    Acres: 0.15
    Geolocation: 44.932552, -93.381035
    Lot Dimensions: 128 x 55

    Schools

    School District: 270
    District Phone: 952-988-4000

    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

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $7,667
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,667

    Income

    Annual Gross Income: None

    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

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