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For Sale:  Hopkins MLS# 6672193

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Active
$495,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1969
2,537 sqft • 0.17 acres
Hopkins schools
MLS# 6672193
763-576-8286
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    Property Description

    **Back on the Market – Buyer Financing Fell Through!** Exceptional investment opportunity in Hopkins, Minneapolis. This side-by-side duplex offers over 1, 300 sq ft per unit, each with 3 bedrooms, 2 bathrooms, and unfinished basements for added value. Live in one unit while renting the other, or maximize returns by leasing both at market rates. Current rents are well below market, presenting immediate upside with new leases. Proven 14-year record of 100% occupancy underscores reliability. Rare chance to expand your portfolio with up to 7 similar duplexes available in this cul-de-sac location. Nestled in desirable Hopkins near schools, parks, and conveniences, ensuring strong tenant demand. Recently appraised above list price, this property blends lifestyle, income potential, and long-term growth. Don’t miss your chance—schedule a showing today and secure your next great investment.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $495,000
    Price per sq ft: $195
    Property Type: Multi-family
    City: Hopkins
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1969
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55343
    Subdivision Name: Lenher Terrace

    Interior

    Finished Area: 2,537 ft2
    Living Area: 2,537 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,200 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached
    Exterior Material:
    • Brick/Stone
    • Fiber Board
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.17
    Geolocation: 44.930723, -93.39351
    Lot Dimensions: 77 x 146
    Zoning: Residential-Multi-Family

    Schools

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

    Expenses

    Annual Caretaker Expense: $1,032
    Annual Electric Expense: $110
    Annual Fuel Expense: $100
    Annual Insurance Expense: $1,500
    Annual Maintenance Expense: $1,648
    Annual Gross Expense: $6,683
    Annual Trash Expense: $779
    Annual Water/Sewer Expense: $382

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $8,094
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,094

    Income

    Annual Gross Income: $20,123

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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 First Select.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.