Amazing income-producing triplex with tons of charm near U of M, featuring tall ceilings, beautiful exposed beams, new flooring throughout, updated kitchens with tons of storage, exposed brick feature walls, huge sunny windows with brick arches, and an open concept layout with lots of space to spread out. Just a few minutes from Dinkytown and the University of Minnesotas East Bank campus. Very well maintained with new rubber roof 2022, updated mechanicals + 7200 SqFt, 2400 per fl. Zoned C1. Situated on 2.5 beautifully landscaped city lots w/9 off-st parking spaces. See the aerial photo to appreciate the large lot. All three units have in-unit laundry and central air. All units fully leased; reliable renter performance with 100% occupancy. Unit 1 - 4bd/2ba, Unit 2 - 5bd/2ba, Unit 3 - 5bd/2ba. Video tour available upon request. Buyer and Buyer's agent to verify all measurements.
Property Features
Bedrooms
Other Rooms
- Basement Features: Brick/Mortar, Daylight/Lookout Windows, Egress Windows, Finished (Livable), Full
Bathrooms
Heating and Cooling
- Fuel Expense: 737.00
- Heating Features: Forced Air
- Heating Fuel: Natural Gas
Exterior and Lot Features
- Brick/Stone
- Stucco
- Fencing: Chain Link, Partial
- Road Frontage Type: City
- Road Responsibility: Public Maintained Road
Land Info
- Land Lease Amount Frequency: No
- Lot Description: Corner Lot, Public Transit (w/in 6 blks)
- Lot Size Acres: 0.34
- Lot Size Dimensions: 60 x 167 x 166 x 133
- Topography: Level
- Lot Size Square Feet: 14810
Garage and Parking
- Parking Features: Parking Lot, Gravel Lot, RV Access/Parking
Homeowners Association
- Association: No
- Association Amenities: Patio
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 7769.00
Rental Info
- Gross Income: 106684.00
- Tenant Pays: Broadband, Cable T.V., Electric, Gas, Heat
Multi-Unit Info
School Information
- School District: 1 - Minneapolis
Other Property Info
- Annual Tax Amount: 14652.00
- Source Listing Status: Pending
- County: Hennepin
- Directions: From the intersection of 35W & University Ave SE, go East on University Ave SE, then North on 10th Ave SE, then East on Como Ave SE to property.
- Tax Year: 2024
- Source Property Type: Multi-Family
- Insurance Expense: 7335.42
- Manager Expense: 8064.00
- Source Neighborhood: Como
- Owner Pays: Lawn, Sewer, Snow, Taxes, Trash, Water
- Parcel Number: 1902923210207
- Postal Code Plus 4: 2126
- Subdivision: Glencar Add
- Trash Expense: 2400.00
- Zoning: Residential-Multi-Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 64631.00
- Operating Expense: 42317.00
Building and Construction
- Total Square Feet Living: 7200
- Above Grade Finished Area: 4800
- BelowGradeFinishedArea: 2400
- Construction Materials: Brick
- Foundation Area: 2400.00
- Property Age: 120
- Property Condition: Previously Owned
- Roof: Age 8 Years or Less, Flat, Rubber
- Levels or Stories: 2
- Total Above Grade Sqft Area: 4800.00
- Total Area Main: 2400.00
- Total Below Grade Area: 2400.00
Utilities
- Electric: Circuit Breakers
- Sewer: City Sewer/Connected
- Water Sewer Expense: 5369.00
- Water Source: City Water/Connected
