$495,000
Minneapolis, MN 55412
MLS# 6118564
Status: Closed
3 beds | 2 baths | 5280 sqft
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Property Description
1. Great Cashflow Investment Opportunity! Beautifully updated 2+ story fourplex with major unit improvements. All units include: newly installed Luxury Vinyl Plank flooring, new LED lighting fixtures, bulbs, new paint, & minor cosmetic improvements in kitchen & bathrooms. Upper two units have newly refurnished/private porches/balconies & lower two units have their own private porches. All of the porches have been newly repainted including the private fence in the back. Cosmetic improvements were completed in the common area space. There also is a large front porch which is a shared amenity space. Also, all units have central AC. In addition, the property includes a spacious detached two-car garage with private access from the back yard of the property, including plentiful street parking spaces in the front & side streets of the property. All units are vacant for the new owner to self-manage or fill tenants in three of the units & live in the fourth. Potential to add coin-operated w
Details
None
Allow Auto Valuation Display?: No
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Availability: Unavailable
Status: Closed
Off Market Date: 2021-11-04
Contingency: None
Current Price: $495,000
Closed Date: 2021-12-16
Original List Price: 525000
ListPrice: 525000
Sales Close Price: 495000
List Date: 2021-10-22
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Bedrooms: 3
Bath Full: 8
Baths Total: 2
Main Floor Total SqFt: 1760
Above Ground SqFt: 3520
Below Grd Total SqFt: 1760
Total SqFt: 5280
FireplaceYN: No
Foundation Size: 1760
Style: (MF) Four Plex
Total Finished Sqft: 5280.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 70X116
Acres: 0.18
Assessment Pending: No
Location, Tax and Other Information
Legal Description: BLOCK 005 FARNHAMS ADDN TO MPLS W 67FT OF LOTS 25 26 AND 27
Map Page: 92
Municipality: Minneapolis
Rental License?: Yes
School District Phone: 612-668-0000
House Number: 425
Street Name: 39th
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Zip Plus 4: 3013
Map Coordinate Source: King's Street Atlas
Property ID Number: 0302924320101
Complex/Dev/Subdivision: Farnhams Add
Tax Year: 2021
In Foreclosure?: No
Tax Amount: 6436
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 1. Great Cashflow Investment Opportunity! Beautifully updated 2+ story fourplex with major unit improvements. All units include: newly installed Luxury Vinyl Plank flooring, new LED lighting fixtures, bulbs, new paint, & minor cosmetic improvements in kitchen & bathrooms. Upper two units have newly refurnished/private porches/balconies & lower two units have their own private porches. All of the porches have been newly repainted including the private fence in the back. Cosmetic improvements were completed in the common area space. There also is a large front porch which is a shared amenity space. Also, all units have central AC.
In addition, the property includes a spacious detached two-car garage with private access from the back yard of the property, including plentiful street parking spaces in the front & side streets of the property.
All units are vacant for the new owner to self-manage or fill tenants in three of the units & live in the fourth. Potential to add coin-operated w
Directions: Hwy I-94 to Dowling N to 6th Street S to 39th Avenue N to 4-Plex.
Assessments
Tax With Assessments: 6436
Building Information
Finished SqFt Above Ground: 3520
Finished SqFt Below Ground: 1760
Green Verification
Green Certification: No
Miscellaneous Information
DP Resource: Y
FIPS Code: 27053
Homestead: No
Parking Characteristics
Garage Square Feet: 400
Public Survey Info
Range#: 24
Section#: 03
Township#: 29
Unit 1
Bedroom 1 Dimen: 10x10
Bedroom 2 Dimen: 10x10
Bedroom 3 Dimen: 10x10
Family Room Dimen: 13x13
Finished SqFt: 860
Full Baths: 2
Kitchen Dimen: 14x14
Living Room Dimen: 14x12
No. of Units Like This: 4
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 5
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Deck; Porch
Basement: Full; Unfinished
Construction Status: Previously Owned
Exterior: Metal; Vinyl
Fencing: Partial; Privacy; Wood
Financing Terms: Contract For Deed
Fuel: Electric
Heating: Baseboard
Lock Box Type: Combo
Neighborhood Name: Webber - Camden
No. of Ranges: One Per Unit
No. of Refrigerators: One Per Unit
Pool Description: None
Rental License Type: Standard
Sellers Terms: Cash; Conventional; Conventional Rehab
Sewer: City Sewer/Connected
Stories: Two
Unit 1: Bedroom 1; Bedroom 2; Bedroom 3; Family Room; Kitchen; Living Room
Unit 1 Amenities: Porch
Water: City Water/Connected
Listing Office: Trustar Procurement LLC
Last Updated: April - 25 - 2022
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