Description
Great investment opportunity! Presenting a remarkable duplex featuring two spacious 4-bedroom apartments, available at a price point that rivals many 1 or 2-bedroom duplexes. Currently, one unit is vacant while the other is generating rental income of $1,850 per month. Notably, PHA-approved rent for comparable 4-bedroom units exceeds $2,100 per month, offering a potential total rental income of $4,200. Historical owner expenses average approximately $1,000 per month, providing an attractive opportunity for good cash flow. This property also boasts a convenient 3-car garage, off-street parking, and laundry hookups, enhancing its appeal to prospective tenants. The duplex is well-maintained, though it experiences some water intrusion in the unfinished basement during periods of significant rainfall. Don't miss out on this exceptional investment opportunity to secure a property with strong income potential.
Interior Details
- HeatingForced Air
Property Details
- Square Feet4296
Parking
- Parking FeaturesAttached Garage, Tuckunder Garage
- Parking TypeGarage
- Parking Spaces3
Construction Details
- Basement DescriptionEgress Window(s), Full, Partially Finished
- Property TypeMulti-Family
- Basement1
- Basement Finished1
Condition
- Year Built1935
Material information
- RoofAsphalt
Utilities / Energy Details
- Sewer InformationCity Sewer/Connected
- Utility SourceCity Water/Connected
Community and Neighborhood Details
- SubdivisionSheffield Acres
Location
- School DistrictColumbia Heights
- CountyAnoka
Financial Details
- Taxes Annual$8,157
- Days on Market (Cumulative)17
Other
- MLS #6625147
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: NORTHSTAR
Listing Courtesy
Listing Agent: Alexander Anderson (#NST502041702)
Listing Office: Compass (#NST49293)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.