$1,075,000
Minneapolis, MN 55408
MLS# 6492307
Status: Closed
15 beds | 12 baths | 6039 sqft
1 / 48
Property Description
Fabulous triplex in the heart of Uptown! Build in 2014, each unit boasts 5BRs, 4 baths, open concept main level, engineered HWD floors, big kitchens with granite, breakfast bar and SS appliances! There is also a private rooftop deck and off-street parking designated for each unit. Access the Greenway just up the block for biking and to the lakes! *Unit 1 is leased to 8/30/24 and rents @ $3250/mo. *Unit 2 is leased to 5/30/24 and rents @ $3330/mo. *Unit 3 is leased to 8/30/24 and rents @ $2645/mo. Yearly gross rents are $110,700. Owner maintains and pays the water/trash bill and charges back the tenants each month. First showings are for Unit 2 only and 2nd showings can see Units 1 and 3.
Details
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-03-07
Contingency: None
Current Price: $1,075,000
Closed Date: 2024-04-30
Original List Price: 1195000
ListPrice: 1195000
Sales Close Price: 1075000
List Date: 2024-02-21
Owner is an Agent?: Yes
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 2014
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 15
Baths Total: 12
Main Floor Total SqFt: 1566
Above Ground SqFt: 4489
Below Grd Total SqFt: 1550
Total SqFt: 6039
Foundation Size: 1550
Style: (MF) Triplex
Total Finished Sqft: 6039.00
Power Company: Xcel Energy
Lot Dimensions: 42x128
Acres: 0.12
Location, Tax and Other Information
Legal Description: LOT 003 BLOCK 004 WINDOMS ADDN TO MPLS N 42 FT
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
Rental License?: Yes
School District Phone: 612-668-0000
House Number: 2808
Street Name: Colfax
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Zip Plus 4: 5026
Property ID Number: 3302924440051
Complex/Dev/Subdivision: Windoms Add
Tax Year: 2023
In Foreclosure?: No
Tax Amount: 17719
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Fabulous triplex in the heart of Uptown! Build in 2014, each unit boasts 5BRs, 4 baths, open concept main level, engineered HWD floors, big kitchens with granite, breakfast bar and SS appliances! There is also a private rooftop deck and off-street parking designated for each unit. Access the Greenway just up the block for biking and to the lakes!
*Unit 1 is leased to 8/30/24 and rents @ $3250/mo.
*Unit 2 is leased to 5/30/24 and rents @ $3330/mo. *Unit 3 is leased to 8/30/24 and rents @ $2645/mo.
Yearly gross rents are $110,700.
Owner maintains and pays the water/trash bill and charges back the tenants each month.
First showings are for Unit 2 only and 2nd showings can see Units 1 and 3.
Directions: Hennepin Ave to east on W 28th St , south on Colfax.
Assessments
Assessment Balance: 75
Tax With Assessments: 17794
Building Information
Finished SqFt Above Ground: 4489
Finished SqFt Below Ground: 1550
Income and Expenses
Annual Gross Expenses: 16545
Annual Gross Income: 110700
Annual Insurance Expense: 3495
Annual Maintenance Expense: 1750
Annual Net Income: 94155
Annual Repair Expense: 5700
Annual Water/Sewer Expense: 5600
Total Annual Expenses: 16545
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 33
Township#: 29
Unit 1
Furnished?: N
Lease Expiration Date: 2024-08-30
Leased?: Y
Level: Multi-Level
Unit Number: 1
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 39000
Finished SqFt: 2034
Full Baths: 2
Monthly Rent: 3250
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 4
Total Bedrooms: 5
Total Rooms: 7
Unit 2
Furnished?: N
Lease Expiration Date: 2024-05-30
Leased?: Y
Level: Multi-Level
Unit Number: 2
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 39960
Finished SqFt: 1996
Full Baths: 2
Monthly Rent: 3330
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 4
Total Bedrooms: 5
Total Rooms: 7
Unit 3
Furnished?: N
Lease Expiration Date: 2024-08-30
Leased?: Y
Level: Multi-Level
Unit Number: 3
1/2 Baths: 1
3/4 Baths: 1
Annual Rent: 31740
Finished SqFt: 2028
Full Baths: 2
Monthly Rent: 2645
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 4
Total Bedrooms: 5
Total Rooms: 7
Unit Details
Total Units: 3
Property Features
Accessible: None
Amenities Shared: Fire Sprinkler System
Assumable Loan: Not Assumable
Basement: Concrete Block; Egress Windows
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Exterior: Vinyl
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Laundry: In Unit
Lock Box Type: Supra
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
No. of Ranges: One Per Unit
No. of Refrigerators: One Per Unit
Owner Pays: Insurance; Lawn; Maintenance/Repair; Management; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Assigned; Driveway - Asphalt; Uncovered/Open
Patio, Porch and Deck Features: Composite Decking; Deck
Rental License Type: Standard
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Asphalt Shingles
Sewer: City Sewer/Connected
Stories: More Than 2 Stories
Tenant Pays: Broadband; Cable TV; Electricity; Heat; Hot Water; Trash Collection; Water
Unit 1 Amenities: Countertops-Granite; Open Floor Plan; Deck; Hardwood Floors; Indoor Sprinklers; Kitchen Center Island; Kitchen Window; Tile Floors; Washer/Dryer Hookup
Unit 1 Appliances: Gas Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Two Primary Baths; Upper Level Full Bath
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 1 Special Search: 3 BR on One Level
Unit 2 Amenities: Countertops-Granite; Walk-In Closet; Cable; Deck; Hardwood Floors; Indoor Sprinklers; Kitchen Center Island; Kitchen Window; Tile Floors; Washer/Dryer Hookup
Unit 2 Appliances: Gas Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Two Primary Baths; Upper Level Full Bath
Unit 2 Cooling: Central
Unit 2 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 2 Special Search: 3 BR on One Level
Unit 3 Amenities: Countertops-Granite; Open Floor Plan; Walk-In Closet; Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Tile Floors; Washer/Dryer Hookup
Unit 3 Appliances: Gas Water Heater; Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator; Washer
Unit 3 Bath Description: 3/4 Basement; Main Floor 1/2 Bath; Two Primary Baths; Upper Level Full Bath
Unit 3 Cooling: Central
Unit 3 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 3 Special Search: 3 BR on One Level
Water: City Water/Connected
Listing Office: Coldwell Banker Realty
Last Updated: May - 01 - 2024
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