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$ 349,999
Est. payment /mo
Active
4433 Aldrich AVE N Minneapolis, MN 55412
2,010 SqFt
UPDATED:
01/16/2025 11:07 PM
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 2,010 sqft
Price per Sqft $174
Subdivision S W Ponds Add
MLS Listing ID 6636260
Year Built 1904
Annual Tax Amount $4,334
Tax Year 2024
Contingent None
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 134x68
Property Description
This large 2-unit duplex on an oversized corner lot is a fantastic investment opportunity! Both units are fully occupied with long-term Leases, and it meets the 1 percent rule making it a smart choice for investors. The main level unit is 4 bed 1 bath and is currently leased for $1,995.00 a month. The upper unit is a 3 bed 1 bath and is currently leased for $1,550.00 a month. In total this is 7 beds and 2 baths with a total current rental income of $3,545.00 a month. The owner pays for City Water/Sewer and Trash service at an average cost of $275.00 a month. The Electric and Natural Gas utilities are metered separately and paid for by the Tenants. The property features recently refinished hardwood floors throughout, giving it a warm and inviting feel. The main level unit includes a washer and dryer in the unfinished basement, The unfinished basement also has a separate exterior entrance door "Great added value potential" with the possibility to add another unit or add more finished beds and bath for the main floor unit. The property has updated vinyl windows, a fenced yard, and a 2-stall garage with ample parking adding to the property's appeal. The location is ideal with easy access to the bus line and just a 10-minute drive downtown.
Don't miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area. Contact us today to schedule a showing!
Don't miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area. Contact us today to schedule a showing!
Location
State MN
County Hennepin
Rooms
Basement Unfinished
Interior
Heating Baseboard, Forced Air
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 2.0
Fence Chain Link
Roof Type Age Over 8 Years
Building
Story Two
Foundation 655
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Other
New Construction false
Schools
School District Minneapolis
Listed by Cody Wood • Realty ONE Group Choice