1440 Lake ST NE new Save Request In-Person Tour Request Virtual Tour
Hopkins,MN 55343
Key Details
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $180
MLS Listing ID 6724179
Year Built 1950
Annual Tax Amount $7,667
Tax Year 2024
Contingent None
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 128x55
Property Sub-Type Duplex Side by Side
Property Description
Side by side duplex Each side: 4 beds / 1 bathroom / 1 detached car garage Roof and mechanicals within 5 years One side vacant ready to owner-occupy, the other side leased until 4/30/26 (duplex is fully remodeled) Current Numbers: • $1,875/mo (tenant pays directly to gas and electric providers) • $7,385/yr taxes • $1,615/yr insurance • $2,262/yr utilities Pro Froma Numbers: • 1st Unit - $2,300/mo (tenant pays directly to gas and electric providers) • 2nd Unit - $2,300/mo (tenant pays directly to gas and electric providers) • $7,667/yr taxes • $2,000/yr insurance • $2,262/yr utilities • $1,700/yr repair budget • $38,511 NOI (with 5% vacancy) • 7% Cap Rate at $555k Owner is licensed agent in MN.
Location
State MN
County Hennepin
Rooms
Basement Egress Window(s),Finished,Full,Sump Pump
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached,Asphalt
Garage Spaces 2.0
Building
Story One
Foundation 1640
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Block,Vinyl Siding
New Construction false
Schools
School District Hopkins