4433 Aldrich AVE N, Minneapolis, MN 55412 - MLS#6636260

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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$349,999

Est. payment - /mo

2,010 SqFt

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UPDATED:

01/16/2025 11:07 PM

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,010 sqft

Price per Sqft $174

Subdivision S W Ponds Add

MLS Listing ID 6636260

Year Built 1904

Annual Tax Amount $4,334

Tax Year 2024

Contingent None

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 134x68

Property Sub-Type Duplex Up and Down

Property Description

This large 2-unit duplex on an oversized corner lot is a fantastic investment opportunity! Both units are fully occupied with long-term Leases, and it meets the 1 percent rule making it a smart choice for investors. The main level unit is 4 bed 1 bath and is currently leased for $1,995.00 a month. The upper unit is a 3 bed 1 bath and is currently leased for $1,550.00 a month. In total this is 7 beds and 2 baths with a total current rental income of $3,545.00 a month. The owner pays for City Water/Sewer and Trash service at an average cost of $275.00 a month. The Electric and Natural Gas utilities are metered separately and paid for by the Tenants. The property features recently refinished hardwood floors throughout, giving it a warm and inviting feel. The main level unit includes a washer and dryer in the unfinished basement, The unfinished basement also has a separate exterior entrance door "Great added value potential" with the possibility to add another unit or add more finished beds and bath for the main floor unit. The property has updated vinyl windows, a fenced yard, and a 2-stall garage with ample parking adding to the property's appeal. The location is ideal with easy access to the bus line and just a 10-minute drive downtown.

Don't miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area. Contact us today to schedule a showing!

Location

State MN

County Hennepin

Rooms

Basement Unfinished

Interior

Heating Baseboard, Forced Air

Fireplace No

Exterior

Parking Features Detached

Garage Spaces 2.0

Fence Chain Link

Roof Type Age Over 8 Years

Building

Story Two

Foundation 655

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Other

New Construction false

Schools

School District Minneapolis

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Listed by Cody Wood • Realty ONE Group Choice

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Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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4433 Aldrich AVE N Minneapolis, MN 55412

Chad Pederson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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