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Active
Listed
$374,900
/mo   Edit
MLS# 5245938
1086 12th Avenue SE
Minneapolis, MN 55414
Multi-family    Duplex Up and Down
Built 1911
2,400 fin sqft    0.12 acres
Minneapolis schools
Info: 763-576-8286
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    Description:   Solid rental history with month to month tenants, located near U of M. Current rents below market rate. All 3 stories have room to add one BR and increase cash flow.
    List Price: $374,900
    Price/sq ft: $156
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1911
    Neighborhood/Area: Como
    City: Minneapolis
    Zip Code: 55414

    Interior

    Fin Sq Ft / Living Area: 2,400 ft²
    Above Ground Living: 2,400 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Two
    Total Refrigerators: Two
    Basement Details: Full

    Exterior

    Heating System: Hot Water
    Foundation Size: 1,250 ft²
    Handicap Accessible: None
    Exterior Material: Wood
    Garage Spaces: 2
    Roof Details: Asphalt Shingles, Age Over 8 Years

    Lot

    Acres: 0.12
    Construction Status: Previously Owned
    Latitude: 44.99045400
    Longitude: -93.23419900
    Lot Size Dim.: 40x131
    Dev/Complex Name: Elwells 2nd Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 1 - Minneapolis
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,900
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: $3,940
    Total Annual Expenses: $3,940
    Annual Trash Expense: $100
    Annual Water/Sewer Expense: $65
    Owner Expenses: Taxes, Insurance, Water/Sewer, Trash, Snow, Lawn
    Tenant Expenses: Electric, Fuel

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $6,171
    Assessment Pending: No
    Taxes w/ Assessments: $6,171

    Income

    Annual Gross Income: 31200.00

    Rent

    Unit 1 Monthly Rent: $1,100
    Unit 2 Monthly Rent: $1,500

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: No
    Owner Occupied: N
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Richard
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    TruStone
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    Movement
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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