405 E 35th Street

Minneapolis, MN 55408 View Map $935,000 Schedule a Tour
Sq.Ft.5,148
Year1912

Eric Eickhof

(952) 472-6200

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Status: Active
Property Type:Quadruplex
MLS #:6248287
Sq. Feet:5,148
On Site:33 Days
County:Hennepin
Very well maintained large four-plex with 3 - 3Br/1Ba and 1- 2Br/1Ba units. Fully rented with excellent tenants! Create instant cash flow with this turnkey rental property. Large 1,100-1,200 sqft apartments with 10'&12' ceilings, exposed brick entry with historical charm, granite countertops, hardwood floors, & tile. Major 2022 renovations include new exterior paint, half roof fully replaced, all seams/edges reinforced on remaining half, new carpeting, 2 new hot water tanks (2 others only 4 years old), added fiber optic internet, & vents cleaned. One AC unit and range replaced two years ago. All units have own furnace & central AC. 4 off street paved parking spaces. Two commercial grade coin operated washers & dryers in basement. Corner lot with bus stop for easy access without a vehicle. Potential expansion w/ 2,600 sqft full ceiling height basement. Full 2010 renovation included updated plumbing, electrical & added handicap accessible unit.

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:405 E 35th Street Minneapolis, MN 55408
County:Hennepin
School District:Minneapolis
Neighborhood:Central
Zip Code:55408

Architecture

Year Built:1912
Stories:Two
Style:Quadruplex
Construction Materials: Brick/Stone, Stucco
Finished Above Grade Sq.Ft.: 5148
Finished Total Sq.Ft.: 5148
Roof: Age 8 Years or Less, Flat, Rubber
Basement: Daylight/Lookout Windows, Full, Owner Access, Shared Access, Stone/Rock, Storage Space, Unfinished
Parking Features: Paved, Unassigned

Features / Amenities

Accessibility Features: Grab Bars In Bathroom, No Stairs External, No Stairs Internal, Wheelchair Ramp(s), Roll-In Shower
Garage Dimensions: 0 sq.ft.
Heating: Forced Air
Fuel: Natural Gas

Property Features

Lot Dimensions:129.4x42.3
Lot Features: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
Sewer: City Sewer/Connected
Water: City Water/Connected
Electric: Circuit Breakers, 200+ Amp Service
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Road Responsibility: Public Maintained Road
Fencing: Chain Link, Wood
Zoning:Residential-Multi-Family

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $9,301
Water / Sewer Expense: $4,800
Electric Expense: $1,000
Insurance Expense: $4,753
Manager Expense: $600
Gross Income: $75,600
Association Amenities: Coin-op Laundry Owned

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405 E 35th Street Minneapolis, MN 55408
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405 E 35th Street Minneapolis, MN 55408
 
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Listing Information Last Updated 11/27/2022
Listing provided courtesy of Homeavenue Inc.
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