Property Listing
Description
Strong income potential in this duplex investment opportunity! Previously generating a combined $3,630/month in rental income, with the upper unit renting for $2,030/month and the main-level unit renting for $1,600/month. That represents $43,560 in potential gross annual rental income based on the previous rents. Both units offer the convenience of in-unit laundry, while an additional washer and dryer set in the unfinished basement provides even more flexibility for the property. A newer high-efficiency boiler adds to the property's appeal and efficiency. With two rentable units, separate laundry, a newer mechanical system, and a demonstrated rental history, this property offers an attractive opportunity for investors seeking strong income potential and long-term investment value. Offered as a short sale.
Property Information
Status: Active
Sub Type: ********
List Price: $315,000
MLS#: 7144656
Current Price: $315,000
Address: 3322 Stevens Avenue, Minneapolis, MN 55408
City: Minneapolis
State: MN
Postal Code: 55408
Geo Lat: 44.942389
Geo Lon: -93.275726
Subdivision: Bakers 2nd Add
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 5662.8
Gen Tax: 5764
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 3565
Below Grade Finished Area: 334
Below Grade Unfinished Area:
Total SqFt.: 3899
Style: Array
Total Bedrooms: 5
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: