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$929,900
/mo Edit
Multi-family:  Four Plex
8 br • 4 ba • Built 1979
5,536 sqft • 0.55 acres
MLS# 6824795
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    Property Description

    Fantastic opportunity to own a turn-key, fully rented four-plex conveniently located in New Hope. This property feels more like four townhomes rather than your typical 4-plex. Renter pays gas, electric, water and sewer. All units have separate utilities and meters. Property has a common backyard and two patios shared by two units.

    Listing

    Contingency: None
    Price per sq ft: $168
    City: New Hope
    County: Hennepin
    State: MN
    Property Style: Four Plex
    Zip Code: 55428
    Subdivision Name: Church View Estates

    Interior

    Living Area: 5,536 ft2
    Refrigerators: Four
    Basement Details:
    • Finished
    • Full
    • Single Tenant Access
    • Storage Space
    • Walkout

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 8
    Garage Dimensions: 19 x 20
    Garage Size: 1,520 ft2
    Foundation Size: 3,044 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    • Garage Door Opener
    Shared Amenities:
    • Other
    • Patio
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    Exterior Material:
    • Block
    • Brick
    • Frame
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Electric Dryer Hookup
    • Gas Dryer Hookup
    • Laundry Room
    • Lower Level
    • Sink
    • Washer Hookup

    Lot & Land

    Acres: 0.55
    Geolocation: 45.053932, -93.371889
    Lot Dimensions: 128 x 188
    Zoning: Residential-Multi-Family
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 1271
    District Phone: 7635048000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $6,930
    Annual Maintenance Expense: $1,800
    Annual Trash Expense: $901
    Annual Water/Sewer Expense: None
    Tenant Expenses: Broadband, Cable TV, Electricity, Gas, Insurance, Telephone, Sewer, Water

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $11,668
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,668

    Income

    Annual Gross Income: $75,540
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

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

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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.