$549,000

1040 13th Ave SE

Minneapolis MN, 55414

Description

UNIVERSITY OF MINNESOTA DUPLEX AKA "GOPHER HOUSE" 1042 unit has 5 bedrooms and 1 bath with large kitchen, 2 decks, living room, and large laundry room utility room 1040 unit has 4 bedrooms and 2 bathrooms with large deck, large kitchen, dining room, family room and large laundry room GROSS INCOME ANNUALLY $59,050 NET INCOME ANNUALLY $45,792 on a $549,000 purchase price that is a 8.3% CAP rate!!!!!!!!!!!!!!! Large backyard with firepit. Either run this duplex at the U of M OR bulldoze and build a new multiplex on the large lot at the U of M. OPPORTUNITY ZONE! 2.5 STORIES AND MULTI UNIT POSSIBLE

Details

MLS#5319912
Sub-TypeResale
StatusActive
Year1979
Days On Site14

Features

SQ Feet3,220
Units2
Building(s)1

Market Activity 55414

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55414
AreaMinneapolis (MN)
Listing VS Median (in 55414)
Price:
$549,000
low | high
Med:
$279,900
99.016393442623% of Average
SqFt:
3,220
low | high
Med:
1,708
96.95652173913% of Average
$ / SqFt:
$170
low | high
Med:
$164
53.883364686912% of Average
On Site:
14
low | high
Med:
31
45.161290322581% of Average
Listing Updated: 10/23/2019
MLS Number: 5319912
Listing Provided By:
Moe Mossa  of  Savvy Avenue LLC
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 this firm 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.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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