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$ 455,000
$ 469,900 3.2%
2,392 SqFt
$ 455,000
$ 469,900 3.2%
2,392 SqFt
Key Details
Sold Price $455,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $190
Subdivision Palmers Add
MLS Listing ID 6628970
Sold Date 01/27/25
Year Built 1917
Annual Tax Amount $4,388
Tax Year 2024
Contingent None
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 6098
Property Description
1917. Each of the two units-one above and one below-boasts two bedrooms and a full bathroom, along with a convenient two-car detached garage. The lower unit comes fully furnished and has a proven track record as an Airbnb, generating an impressive average of $2,500 per month, supported by a stellar collection of five-star reviews that highlight its prime location and extensive renovations. With the unit already
furnished, you can start earning income immediately. In the last three years, significant upgrades have been made, including a new roof, a spacious 27 x 8.75 patio complete with a French drain system, new fencing, and a modern HVAC system that adds central air to the upper unit. The lower unit has received a new boiler, updated bathrooms, and insulation in both the attic and exterior walls for enhanced energy efficiency. Additionally, electrical and plumbing systems have been upgraded, along with numerous cosmetic enhancements.The upper unit has also been beautifully renovated and has served as an owner-occupied space, making it
perfect for families, couples or individuals who want to step into the world of real estate investing.
Alternatively, you can capitalize on the rental potential by listing it on Airbnb, potentially earning
similar income to the lower unit. The property features a spacious fenced-in backyard with an in-ground fire pit making it a perfect place for outdoor play, gardening, and hosting get-togethers with friends and family. Don't miss out on this incredible opportunity!
Location
State MN
County Hennepin
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 1.0
Roof Type Age 8 Years or Less
Building
Story Two
Foundation 1196
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
New Construction false
Schools
School District Minneapolis
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