For Sale: Osseo MLS# 6820711
Active
$649,900
Multi-family: Four Plex
Built 1962
3,360 sqft • 0.18 acres
Osseo schools
MLS# 6820711
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Property Description
Well-Maintained 4-Plex in Prime Osseo Location!
Don’t miss this great investment opportunity in the heart of Osseo! This solid 4-plex features two freshly updated units (Apartments #2 & #3) with newer paint and flooring. Each unit offers spacious living areas, ample natural light, and functional layouts ideal for long-term tenants.
Residents pay their own gas and electric, keeping operating expenses low, while the owner pays for water only. The property is conveniently located within walking distance to a neighborhood park and minutes from Arbor Lakes shopping, dining, and major highways for easy commuting.
Property Highlights:
4 total units
Apartments #2 & #3 newly updated
Tenants pay their own gas and utilities
Owner pays water, gas for the water heater and electricity for the common area and Trash.
Easy access to city park and Arbor Lakes shopping
Strong rental location with great demand
A smart buy for investors looking for cash flow and convenience!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,900
Price per sq ft:
$193
Property Type:
Multi-family
City:
Osseo
Garage Spaces:
0
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Four Plex
Zip Code:
55369
Subdivision Name:
Registered Land Surv 984 Tract
Interior
Finished Area:
3,360 ft2
Living Area:
3,360 ft2
Basement Details:
Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Foundation Size:
1,680 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
Stucco
Lot & Land
Acres:
0.18
Geolocation:
45.114724, -93.393746
Lot Dimensions:
64X123
Schools
School District:
279
District Phone:
763-391-7000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,000
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$4,200
Annual Maintenance Expense:
$4,000
Annual Gross Expense:
$33,008
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$6,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,208
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,208
Income
Annual Gross Income:
$62,400
Misc. Annual Income:
$1,600
Units
Total Units:
4
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 RE/MAX Results.
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.