Homes for sale - 1440 Lake ST NE, Hopkins, MN 55343

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Micah Digatono

micah@gremn.com +1(763) 234-5440

$555,000

Est. payment - /mo

3,080 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 3,080 sqft

Price per Sqft $180

MLS Listing ID 6724179

Year Built 1950

Annual Tax Amount $7,667

Tax Year 2024

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 128x55

Property Sub-Type Duplex Side by Side

Property Description

Side by side duplex Each side: 4 beds / 1 bathroom / 1 detached car garage Roof and mechanicals within 5 years One side vacant ready to owner-occupy, the other side leased until 4/30/26 (duplex is fully remodeled) Current Numbers: • $1,875/mo (tenant pays directly to gas and electric providers) • $7,385/yr taxes • $1,615/yr insurance • $2,262/yr utilities Pro Froma Numbers: • 1st Unit - $2,300/mo (tenant pays directly to gas and electric providers) • 2nd Unit - $2,300/mo (tenant pays directly to gas and electric providers) • $7,667/yr taxes • $2,000/yr insurance • $2,262/yr utilities • $1,700/yr repair budget • $38,511 NOI (with 5% vacancy) • 7% Cap Rate at $555k Owner is licensed agent in MN.

Location

State MN

County Hennepin

Rooms

Basement Egress Window(s), Finished, Full, Sump Pump

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Detached, Asphalt

Garage Spaces 2.0

Building

Story One

Foundation 1640

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Block,Vinyl Siding

New Construction false

Schools

School District Hopkins

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Listed by Moe Mossa • Savvy Avenue, LLC

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Micah Digatono

+1(763) 234-5440

Broker / Owner | License ID: 40408252

Broker / Owner License ID: 40408252

Local Neighborhoods

1440 Lake ST NE Hopkins, MN 55343

Micah Digatono

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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