For Sale: Minneapolis MLS# 7103604
Active
NEW!
$900,000
Multi-family: Triplex
9 br • 6 ba • Built 2022
5,400 sqft • 0.15 acres
Minneapolis schools
MLS# 7103604
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Property Description
Exceptional investment opportunity! This hard-to-find triplex, built in 2022, is located in the heart of South Minneapolis and offers immediate cash flow with all three units currently rented. Each unit features 3 bedrooms, 2 full bathrooms, an open and functional floor plan, and a stylish kitchen complete with granite countertops and stainless steel appliances. Built with modern finishes and low-maintenance construction, this property is an excellent addition to any investment portfolio. Conveniently located near shopping, dining, parks, public transportation, and major highways, this turnkey income-producing property offers the perfect combination of quality, location, and long-term rental potential. Each unit has its own PID number for a chance to sell each unit individually. A rare opportunity you won't want to miss!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$900,000
Price per sq ft:
$167
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
2
County:
Hennepin
Year Built:
2022
State:
MN
Property Style:
Triplex
Zip Code:
55417
Neighborhood/Area:
82
Subdivision Name:
C F E Peterson Co Nokomis Park
Interior
Bedrooms:
9
Bathrooms:
6
Finished Area:
5,400 ft2
Living Area:
5,400 ft2
Refrigerators:
Three
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
470 ft2
Foundation Size:
1,800 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Attached Garage
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.15
Geolocation:
44.904502, -93.226181
Lot Dimensions:
149 x 42
Zoning:
Residential-Multi-Family
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$5,000
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,500
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$13,914
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$13,914
Income
Annual Gross Income:
$90,000
Rent
Annual Net Income:
$68,500
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Real Estate Corners, Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.