$519,900

3108 Oakland AvenueMinneapolis, MN 55407

Type: Multi-Family

4 Units

Description

Charming 4-Plex just blocks from Powderhorn Park! Conveniently located near the hospital, with shopping just minutes away. Enjoy easy access to 35W for stress-free commuting. Unit 4 handles lawn care and snow removal for $100/month. Long-term tenants (up to 16 years!) have been excellent renters, adding stability to this investment. All four leases have been renewed on July 1, 2024, for 1-year terms. Repairs/Maintenance were higher in 2023 than previous years, See Supplements! Don't miss this fantastic opportunity!

MLS ID: 6559720

Directions: 35W North to Exit 15 (31st St. to Lake St.) to East 31st St. to Oakland Avenue. Property on right.

Contact
an Agent

Property Details

Essential Details

MLS #: 6559720

Listing courtesy of: RE/MAX Results

Price: $519,900

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 4

Annual Gross Income: $52,000

Operating Expense: $11,091

Annual Gross Expense: $11,091

Annual Insurance Expense: $3,692

Annual Maintenance Expense: $1,604

Annual Other Expense: $433

Annual Annual Expense: $2,071

Annual Water/Sewer Expense: $3,291

Tenant Pays: Electricity, Fuel

Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection

Parking Features: Concrete

Building Details

Owner Occupied: No

Finished SqFt Total: 3,888

Finished Above Grade: 3,888

Fireplace: No

Construction Materials: Vinyl Siding

AccessibilityFeatures: None

Roof: Age 8 Years or Less, Asphalt, Pitched

Heating: Forced Air

Electric: Circuit Breakers

Style: Quadruplex

Foundation Area: 1,944

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Ranges: Four

Number of Refrigerators: Four

Lot Details

Complex/Dev/Sub Name: Park Place Add

Lot Dimensions: 57x119

Fence: Chain Link

Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 24

Survey Section: 02

Survey Township: 28

Taxes

Tax Year: 2023

Tax Amount: $8,136

Assessment Pending: No

Taxes w/Assessments: $8,136

This listing was last updated by RE/MAX Results on 8/24/2024 at 9:04 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 10:25 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Mortgage
Calculator

Estimate your Monthly Payment

Update the values to calculate a rough estimate of a monthly payment.

Listing Price ($)

Down Payment ($)

Loan Length (years)

Interest Rate (%)

Monthly Payment*

$000

*Note the monthly payment estimate does not include property taxes or insurance.

You are viewing the Twin Cities, MN site. Switch to: Winona, MN | Rochester, MN | La Crosse, WI