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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 3,220 sqft
Price per Sqft $170
Subdivision Elwells 2Nd Add
MLS Listing ID 6112468
Sold Date 03/31/22
Year Built 1979
Annual Tax Amount $7,326
Tax Year 2021
Contingent None
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 70x132
Property Description
Great investment opportunity! Build your real estate portfolio with this easy to rent duplex walking distance to the U of M. 8.3% Cap Rate, 16.6 % cash on cash return! Unit 1042 is open for an owner occupant, but could be easily rented for an investor (another option is unit 1042 is also approved for section 8 with rent guarantee of $2653) All utilities are paid by tenants! Duplex has a new furnace and new ac.
Location
State MN
County Hennepin
Rooms
Basement Egress Window(s), Finished, Full, Walkout
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 1.0
Roof Type Age Over 8 Years,Asphalt
Building
Story More Than 2 Stories
Foundation 1556
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Wood Siding
New Construction false
Schools
School District Minneapolis
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