Location Location Location! Great opportunity for this stucco and brick 5 plex in the middle of uptown lakes area. Long time ownership, great condition. Lower level 2 Bdr unit rent is 1,075.00
MLS ID: 6567271
Directions: WEST LAKE STREET TO DREW AVE SOUTH TO PROPERTY
MLS #: 6567271
Listing courtesy of: Metzen Realty and Associates CO.
Price: $895,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Residential-Multi-Family
Current Use: Residential
Total Units: 5
Annual Gross Income: $47,600
Net Operating Income: $29,904
Operating Expense: $8,924
Annual Gross Expense: $17,696
Annual Electric Expense: $264
Annual Fuel Expense: $120
Annual Insurance Expense: $2,500
Annual Water/Sewer Expense: $3,540
Tenant Pays: Cable TV, Electricity, Fuel
Owner Pays: Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
Parking Features: Detached, Concrete, No Int Access to Dwelling
Garage Spaces: 4
Other Parking Spaces: 3
Owner Occupied: No
Construction Materials: Brick/Stone, Stucco
AccessibilityFeatures: None
Roof: Age 8 Years or Less, Asphalt
Heating: Hot Water
Cooling: Window Unit(s)
Style: Apartment
Year Built: 1947
Foundation Area: 1,683
Amenities - Unit: Local Area Network
Amenities - Association: Coin-op Laundry Owned
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Number of Ranges: Five
Number of Refrigerators: Five
Utilities: Electric Separate, Heating Separate
Complex/Dev/Sub Name: SUNSET GABLES MPLS
Lot Dimensions: 0.14 acre
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
District: Minneapolis
District Number: 1
District Phone: 612-668-0000
County: Hennepin
Tax Year: 2024
Tax Amount: $13,409
Assessment Pending: No
Taxes w/Assessments: $13,409
This listing was last updated by Metzen Realty and Associates CO. on 7/24/2024 at 12:23 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.
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM 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 ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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