$146,070
$149,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1,377 SqFt
SOLD DATE : 11/22/2024
Key Details
Sold Price $146,070
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,377 sqft
Price per Sqft $106
Subdivision Farnhams Add
MLS Listing ID 6620926
Sold Date 11/22/24
Year Built 1905
Annual Tax Amount $3,344
Tax Year 2024
Contingent None
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 157x40
Property Description
Investment Opportunity Priced to Sell! This vacant Minneapolis duplex, located close to major
thoroughfares for easy access to the Twin Cities and suburbs, is a rare find for both seasoned and new
investors --this property offers significant value-add potential.
The main-level unit is move-in ready, with room for cosmetic improvements to increase rental income. The
upper unit offers a prime opportunity for updates to build sweat equity and maximize cash flow.
Key updates include: New Roof, Siding, Soffit & Fascia, New 3-Car Garage with Loft for added storage or
potential rental income, New Back Deck & Stairs, New Gutters with Gutter-Guards and Downspouts, Separate Electrical Meters for easy utility management, Each unit features front and back entrances, providing convenience for tenants, and Newer Lennox furnace. Major updates are already complete, leaving room to further enhance the property's value.
This duplex is an ideal opportunity for investors looking to expand their portfolio or secure their next
investment. Accepting conventional, cash, and special financing.
Don't miss this opportunity—schedule your showing today!
Location
State MN
County Hennepin
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 3.0
Building
Story One and One Half
Foundation 710
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
Structure Type Metal Siding
New Construction false
Schools
School District Minneapolis
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