BEDS0
BATHS
SQUARE FEET3,899
MLS#7144656
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBakers 2nd Add
SCHOOLMinneapolis
Property Description
Strong income potential in this duplex investment opportunity! Previously generating a combined $3,630/month in rental income, with the upper unit renting for $2,030/month and the main-level unit renting for $1,600/month. That represents $43,560 in potential gross annual rental income based on the previous rents.Both units offer the convenience of in-unit laundry, while an additional washer and dryer set in the unfinished basement provides even more flexibility for the property. A newer high-efficiency boiler adds to the property's appeal and efficiency. With two rentable units, separate laundry, a newer mechanical system, and a demonstrated rental history, this property offers an attractive opportunity for investors seeking strong income potential and long-term investment value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Garage: 2
Heating: Baseboard, Boiler, Hot Water
Lot Size: 0.13 Acres
Taxes: $5,764
Year Built: 1900
Feature Descriptions
Days on Site: 31
Foundation Size: 1005
Lot Dimensions: 45.00 X 130.00
Owners Expense: Trash Collection, Water
Ownership Decription: Potential Shortsale
Parcel#: 0302824130099
Parking: Detached Garage
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas, Heat
Units: 2
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: RE/MAX Results
Agency Phone: 763-591-6000
Shown By
Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541
Estimate Your Payment
Estimated Payment
$ 1,249.47 per month $680.02 Principal & Interest $480.33 Property Tax $89.12 Homeowner's Insurance
3322 Stevens Avenue | MLS# 7144656
This multi-family property located at 3322 Stevens Avenue, Minneapolis, MN 55408 is currently listed for sale with an asking price of $305,550. Stevens Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.