4433 Aldrich Avenue N
Minneapolis, MN 55412
Price: $349,999
This large 2-unit duplex on an oversized corner lot is a fantastic investment opportunity! Both units are fully occupied with long-term Leases, and it meets the 1 percent rule making it a smart choice for investors. The main level unit is 4 bed 1 bath and is currently leased for $1,995.00 a month. The upper unit is a 3 bed 1 bath and is currently leased for $1,550.00 a month. In total this is 7 beds and 2 baths with a total current rental income of $3,545.00 a month. The owner pays for City Water/Sewer and Trash service at an average cost of $275.00 a month. The Electric and Natural Gas utilities are metered separately and paid for by the Tenants. The property features recently refinished hardwood floors throughout, giving it a warm and inviting feel. The main level unit includes a washer and dryer in the unfinished basement, The unfinished basement also has a separate exterior entrance door "Great added value potential" with the possibility to add another unit or add more finished beds and bath for the main floor unit. The property has updated vinyl windows, a fenced yard, and a 2-stall garage with ample parking adding to the property's appeal. The location is ideal with easy access to the bus line and just a 10-minute drive downtown.
Don’t miss this opportunity to own a well-maintained fully occupied cash flowing duplex in a great area. Contact us today to schedule a showing!
Basic Features:
| Style |
Duplex Up and Down |
| Type |
Residential Income |
| Year Built |
1904 |
| School District |
Minneapolis |
| County |
Hennepin |
| Lot Size |
134x68 |
| Acreage |
0.19 acres |
| Garage |
2 Car 20x24 |
| Above Grade |
2,010 sq ft |
| Number of Units |
2 |
| Tax $ / Year |
$4,334 / 2024 |
| Tax ID |
|
| Legal Description |
|
Additional Features
| Government Programs |
|
| Section |
13 |
| Terrain Type |
|
| Basement |
Unfinished |
| Driveway |
|
| Electric |
Circuit Breakers |
| Exterior Features |
Other |
| Foundation |
655.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
None |
| Heating |
Baseboard,Forced Air |
| Roof |
Age Over 8 Years |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Detached |
| Exterior Construction |
|
| Fencing |
Chain Link |
| Laundry |
N |
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