819 24th Avenue Ne Minneapolis, MN 55418 (Sold)

$625,000 3 3
Price Bedrooms Bathrooms
Price did not change before being sold on 1/8/2020
Status: Sold

MLS #: 5330193

Triplex Sq. Feet: 3480
Date Sold: 1/8/2020 Lot Size: 0.26 Acres
Neighborhood: See All Properties for Sale in Holland
DESCRIPTION
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This Rare North East Minneapolis Triplex is one of the most successful vacation rentals in Minneapolis with income earning potential over $100,000! This property can perform well as a triplex rental investment property or an AirBnB cash machine, or some combination of both, you choose! Only 1 block away from Lowry & Central which is packed with Restaurants, Shops, and Entertainment. The 3- Stories Contain, 3 Remodeled, Professionally Painted, and Designed Apartments. Two 3 bedrooms units, and a 1 bedroom all with New Kitchen Appliances, Custom Countertops & Cabinets. Refinished Wood Flooring, New Tile Flooring, and Custom Designed Lighting. Recent Major Improvements Include: (3) forced air furnaces, (3) Water Heaters, Roof, Siding, & Windows. The property frequently is featured in Magazines, Photos Shoots, & Music Videos! Buyer has first right at lot next door!
ARCHITECTURE
Bedrooms: 3
Bathrooms: 3
Year Built: 1900
Stories: 2
Construction: Vinyl
Construction Status: Previously Owned
Roof: Asphalt Shingles
Foundation Size: 1140
Basement: Full
FEATURES / AMENITIES
Unit 1: 3 beds, 1 bath
Unit 2: 3 beds, 1 bath
Unit 3: 1 bed, 1 bath
Heating: Forced Air
Fuel: Natural Gas
SQUARE FOOTAGE
Finished Sq. Ft.
Above Grade 2980
Below Grade 500
Total 3480
PROPERTY FEATURES
Lot Size: 0.26 Acres / 11325.6 Sq. Ft.
Lot Dimensions: 39X129
Water: City Water - In Street
Sewer: City Sewer - In Street
Directions: Central to 24th, West to property
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Tax Amount: $6, 888.00
Tax Year: 2019
Annual Gross Income: 119061.00
Annual Maintenance Expense: 8250
Annual Insurance Expense: 2655
Annual Fuel Expense: 1479
Annual Electric Expense: 1413
Annual Water/Sewer Expense: 2934
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Listing Information Last Updated 1/20/2020
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Property Summary

819 24th Avenue Ne
Minneapolis, MN 55418

MLS®: 5330193

List Price: $625,000

Description:

MLS # 5330193: This property at 819 24th Avenue Ne, Minneapolis, MN 55418 is located in the Holland subdivision and is listed for $625,000. MLS # 5330193 has been on the market for 70 days.