For Sale: New Brighton MLS# 7141953
Active
NEW!
$290,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1888
1,463 sqft • 0.223 acres
Mounds View schools
MLS# 7141953
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Property Description
Fully rented duplex in New Brighton offering two residential units and established rental history. Conveniently located near major roadways, shopping, dining, parks, schools, and other area amenities. Both units are currently occupied, providing an opportunity to purchase an income producing property with existing tenants and rental income in place. The lower unit is currently month to month, providing flexibility for a future owner occupant or an investor looking to establish their own lease terms. The property offers separate living spaces and the functionality of a traditional duplex, making it a versatile option for both owner occupants and rental property investors. Convenient New Brighton location with easy access to surrounding Twin Cities communities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$290,000
Price per sq ft:
$198
Property Type:
Multi-family
City:
New Brighton
Garage Spaces:
2
County:
Ramsey
Year Built:
1888
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55112
Subdivision Name:
First Add To, New Brighton
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,463 ft2
Living Area:
1,463 ft2
Refrigerators:
One
Basement Details:
- Block
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
380 ft2
Foundation Size:
796 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Shared Amenities:
Laundry
Exterior Material:
- Block
- Concrete
- Frame
Pool:
None
Roof Details:
Architectural Shingle
Rooms
Laundry:
Common Area
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.223
Geolocation:
45.060736, -93.192715
Lot Dimensions:
78 x 124 x 79 x 124
Zoning:
Residential-Multi-Family
Schools
School District:
621
District Phone:
6516216001
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$550
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,007
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
$446
Annual Water/Sewer Expense:
$1,215
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,006
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,006
Income
Annual Gross Income:
$15,600
Misc. Annual Income:
None
Rent
Annual Net Income:
$23,929
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Fuze Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.