For Sale: New Hope MLS# 7035624
Active
NEW!
$365,000
Multi-family: 1 Story
4 br • 1 ba • Built 1959
1,584 sqft • 0.31 acres
MLS# 7035624
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Property Description
Attention investors! Start investing by optionally living in one side and renting out the other. Fantastic property situated in a quiet neighborhood in New Hope just off Rockford Rd! Separate meters and each unit has laundry in the lower level. Value add opportunity - each side has a large unfinished basement where a 3rd bedroom could be added to increase value and rents. 3933 Oregon Ave N, which is nearly next door and identical, is also for sale and can be purchased together with this home.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$365,000
Price per sq ft:
$230
Property Type:
Multi-family
City:
New Hope
Garage Spaces:
2
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
1 Story
Zip Code:
55427
Subdivision Name:
Gwynnco Add
Interior
Bedrooms:
4
Bathrooms:
1
Finished Area:
1,584 ft2
Living Area:
1,584 ft2
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
2
Foundation Size:
1,584 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Lot & Land
Acres:
0.31
Geolocation:
45.028366, -93.374494
Lot Dimensions:
0
Zoning:
Residential-Multi-Family
Schools
School District:
1271
District Phone:
7635048000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Gas, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,604
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,604
Income
Annual Gross Income:
$35,880
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
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!
Listing provided by RMLS,
courtesy of Freedom Realty.
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.