UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,679 sqft
Price per Sqft $371
Subdivision Meeker Island Land & Power Co Add Rev
MLS Listing ID 6704262
Year Built 1900
Annual Tax Amount $8,243
Tax Year 2025
Contingent None
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 30x140
Property Sub-Type Other
Property Description
Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot.
The front unit (#1) is currently occupied and generates a robust rental income of $3,020 per month, with a lease secured through August 26, 2025. The rear unit (#2) is also occupied, commanding a premium rent of $3,820 per month, with the same lease expiration. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Don't miss out on this remarkable chance to invest in a thriving community!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Full, Storage Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Assigned, Detached, Asphalt, Open
Garage Spaces 1.0
Fence None
Roof Type Age Over 8 Years,Asphalt
Building
Lot Description Public Transit (w/in 6 blks), Many Trees
Story More Than 2 Stories
Foundation 722
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis