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Active NEW!
$484,900
/mo Edit
Multi-family:  Duplex Side by Side
Built 1968
2,760 sqft • 0.24 acres
Hopkins schools
MLS# 6771486
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    Property Description

    A rare and extra special investment opportunity in the heart of Hopkins within close proximity to Knollwood Mall, shops, parks, Cedar Lake Regional Trail, schools, highway access and more! This side by side style Duplex is nestled perfectly at the end of the cul de sac on a slightly wider and deeper lot so it boasts a nice sized 2.5 stall garage, extra greenspace and coveted extra off-street parking that is especially appreciated in the winter months. This is a wonderful opportunity to either owner occupy and rent out the other unit – or continue renting to the current tenants for ease. The current leases are month to month, so there is some flexibility with this opportunity; as well as, to consider possibly a multi-sale purchase with the other duplexes on Shadyside Circle that are currently offered for sale. Recent property improvements include: new garage door, new side steps (Unit 501), new screen door (Unit 501); deck boards replaced (unit 503), some exterior siding boards replaced, fresh mulch, newer concrete work, all new fresh paint on the entire duplex building and the detached garage. The lower level family room in Unit 503 has a nice sized egress window that would be a safe option to sleep a guest or use as a walkthrough bedroom option as it adjoins the unfinished laundry/storage room. This property is being sold with a Trustee’s Deed.

    Listing

    Contingency: None
    Price per sq ft: $176
    City: Hopkins
    County: Hennepin
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55343
    Subdivision Name: Meaths Add

    Interior

    Living Area: 2,760 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Partially Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 528 ft2
    Foundation Size: 1,200 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Assigned
    • Concrete
    • Detached
    • Driveway - Other Surface
    • Shared Garage/Stall
    Road Frontage:
    • City Street
    • Cul De Sac
    • Curbs
    • No Outlet/Dead End
    • Paved Streets
    Exterior Material:
    • Engineered Wood
    • Fiber Board
    • Wood Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.24
    Geolocation: 44.931381, -93.394298
    Lot Dimensions: 120X48X140X65X20
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Underground Utilities

    Schools

    School District: 270
    District Phone: 952-988-4000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,627
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities, Cable TV, Electricity, Gas, Sewer, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,797
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $9,061

    Income

    Annual Gross Income: $38,400

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.