For Sale: New Hope MLS# 6727400
Active
$2,500,000
Commercial: Apartments
Built 1962
1.37 acres
Robbinsdale schools
MLS# 6727400
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Entire complex of 16 Townhomes offered, all large 3BR 3-Level units with identical layout, including in-unit laundry and large backyard. These units are very attractive to renters. Tenants pay separately metered gas and electric. Tenants pay a majority of Water and Trash via Utility RUBS addendum. All 16 units are separate PIDs and the real estate setup so HOA could be implemented; therefore, the units could be sold individually as townhomes, or retained as a multi-family rental complex. Agent is Owner.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,500,000
Property Type:
Commercial
City:
New Hope
Garage Spaces:
0
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Apartments
Zip Code:
55428
Subdivision Name:
Lincoln Manor
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Microwave
- Range
- Refrigerator
Basement Details:
Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
16
Air Conditioning:
Central Air
Foundation Size:
11,000 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Brick Veneer
Lot & Land
Acres:
1.37
Geolocation:
45.065219, -93.37432
Inclusions:
Building, Land, Leases
Lot Dimensions:
240X490
Addl Parcels:
0511821210130, 0511821210129
Zoning:
Residential-Multi-Family
Schools
School District:
281
District Phone:
763-504-8000
Expenses
Annual Gross Expense:
$180,000
Tenant Expenses:
Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$28,232
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$28,232
Income
Annual Gross Income:
$360,000
Rent
Annual Net Income:
$180,000
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Manarola LLC.
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.