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3853-55 PORTLAND AVE S Minneapolis, MN 55407
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Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,394 sqft
Price per Sqft $129
MLS Listing ID 5683678
Sold Date 03/01/21
Year Built 1889
Annual Tax Amount $3,659
Tax Year 2020
Contingent None
Lot Dimensions 43X117
Property Sub-Type Duplex Up and Down
Property Description
Investment property currently cash flowing $30,500 yr. (9.1% GROSS CAP RATE) Also perfect for an owner-occupant. Updates: 2015 boiler, 2012 roof, 2007 windows & siding, 2017 sewer main & 2020 water main. Water Heater 2018.
Tenants paying all utilities, long term stable tenants. No lack of storage with a 2-stall garage, off-street parking, on-site SHARED laundry not coin operated.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Partial
Interior
Heating Baseboard, Hot Water
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 2.0
Fence Chain Link
Roof Type Age 8 Years or Less,Asphalt
Building
Lot Description Corner Lot
Story More Than 2 Stories
Foundation 1302
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis
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