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For Sale:  Robbinsdale MLS# 7016754

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Active NEW!
$375,000
/mo Edit
Multi-family:  2 Stories
6 br • 3 ba • Built 1922
1,684 sqft • 0.12 acres
MLS# 7016754
763-576-8286
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    Property Description

    Turnkey investment property. Great cash flow and most current tenants would most likely be staying. Thisproperty is currently an SRO property (Single Room Occupancy). Seller rents out the 6 rooms individuallywith month to month leases. Seller owns, and is including in the sale, all furniture, beds, platesutensils and appliances. All appliances, beds, silverware, plates, and furniture are included. The sellerwould work with buyer to answer any questions regarding how the SRO process works and provide freeconsulting for 3 months after closing.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $375,000
    Price per sq ft: $223
    Property Type: Multi-family
    City: Robbinsdale
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1922
    State: MN
    Property Style: 2 Stories
    Zip Code: 55422
    Subdivision Name: Manitoba Park

    Interior

    Bedrooms: 6
    Bathrooms: 3
    Finished Area: 1,684 ft2
    Living Area: 1,684 ft2
    Refrigerators: Two
    Basement Details:
    • Egress Window(s)
    • Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 484 ft2
    Foundation Size: 786 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Detached Garage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    • Other
    • Porch
    Road Frontage:
    • City Street
    • Curbs
    • Storm Sewer
    Roof Details: Age 8 Years or Less

    Rooms

    Shared Rooms:
    • Community Room
    • Media Room
    Laundry:
    • Gas Dryer Hookup
    • In Unit
    • Lower Level
    • Washer Hookup

    Lot & Land

    Acres: 0.12
    Geolocation: 45.016742, -93.328975
    Lot Dimensions: 128 x 40
    Zoning: Residential-Single Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 1271
    District Phone: 7635048000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,795
    Annual Fuel Expense: $1,197
    Annual Insurance Expense: $6,308
    Annual Maintenance Expense: None
    Annual Trash Expense: $240
    Annual Water/Sewer Expense: $2,540
    Tenant Expenses: Lawn Care, Snow Removal

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,678
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,457

    Income

    Annual Gross Income: $42,503

    Rent

    Annual Net Income: $19,833

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Premier Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.