For Sale: Brooklyn Center MLS# 7007934
Active
NEW!
$609,000
Multi-family: Four Plex
8 br • 4 ba • Built 1964
3,472 sqft • 0.27 acres
MLS# 7007934
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Property Description
Wonderful location for this Owner-Occupied investment or rent out all 4 units! TURNKEY ready for a beginner multifamily investor or simply add this to your portfolio with potential to earn additional INCOME. Shared coin operated Wash/Dry (Income)~ Detached Garage for each unit (potential add'l income) Leases are current & on M-T-M.
Updates include:
Unit #2- new stove/refrigerator, flooring & shower/bath.
Unit #3 - AC.
Unit #4 New Furnace.
Begin 2026 with a multifamily 4plex in a great location & start generating INCOME! Rental inspections have just been completed.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$609,000
Price per sq ft:
$175
Property Type:
Multi-family
City:
Brooklyn Center
Garage Spaces:
4
County:
Hennepin
Year Built:
1964
State:
MN
Property Style:
Four Plex
Zip Code:
55429
Subdivision Name:
Lakebreeze Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,472 ft2
Living Area:
3,472 ft2
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Finished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
53 X 26
Garage Size:
1,378 ft2
Foundation Size:
1,736 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached Garage
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
Age Over 8 Years
Lake & Waterfront
Waterfront:
Other
Lot & Land
Acres:
0.27
Geolocation:
45.043357, -93.33563
Lot Dimensions:
210 X 56
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Schools
School District:
1271
District Phone:
7635048000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,068
Annual Fuel Expense:
$4,400
Annual Insurance Expense:
$4,313
Annual Maintenance Expense:
$2,500
Annual Trash Expense:
$972
Annual Water/Sewer Expense:
$2,744
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,884
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,884
Income
Annual Gross Income:
$63,600
Misc. Annual Income:
$960
Rent
Annual Net Income:
$47,967
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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!
Listing provided by RMLS,
courtesy of Banneker Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.