$545,000
$550,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
3,467 SqFt
SOLD DATE : 02/27/2020
Key Details
Sold Price $545,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 3,467 sqft
Price per Sqft $157
Subdivision Greentree Forest
MLS Listing ID 5292378
Sold Date 02/27/20
Year Built 1964
Annual Tax Amount $5,498
Tax Year 2019
Contingent None
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 169x136x170x136
Property Description
Amazing investment and possible owner occupant opportunity in Wayzata schools!
Side by side walkout 2 story on a .53+ acre lot with a creek running just behind the fence at the back of the lot. This property has been updated for the long game.
Major updates performed during ownership: new vinyl windows, LP Smart Siding 2015, GAF Timberline roof 2011, furnace and air on both sides 2014. Both units have been updated with granite and stainless kitchens, tile baths and luxury vinyl flooring (waterproof). 3044 (unit 2) has a sliding glass door and is all set to add a deck.
Cap rate at 7+ with great upside for future rent growth.
Both units currently under-rented at $1895 per side. 3044 is rented through April 2021. 3042 on a month to month lease for flexibility of the new buyer to owner occupy if desired, but would stay long term.
Potential rent = $2,100/unit - see "financials" section for full details
Location
State MN
County Hennepin
Zoning Residential-Single Family
Rooms
Basement Block, Finished, Walkout
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Attached Garage, Garage Door Opener
Garage Spaces 2.0
Fence Chain Link
Waterfront true
Waterfront Description Creek/Stream
Roof Type Age 8 Years or Less,Asphalt
Parking Type Attached Garage, Garage Door Opener
Building
Lot Description Irregular Lot, Tree Coverage - Medium
Story Two
Foundation 1407
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Fiber Cement,Engineered Wood
New Construction false
Schools
School District Wayzata
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