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Closed
  • $450,000

    5347 4th St NE, Minneapolis, MN 55421

    4beds
    3baths
    3,100sqft
    Triplex
    Built in 1960
    -- sqft lot
    $455,500 Zestimate®
    $145/sqft
    $-- HOA

    What's special

    **THIS EXCEPTIONAL INVESTMENT OPPORTUNITY IS BACK ON THE MARKET!** Due to the Buyers financing falling through at the last minute. ALL NEW ELECTRICAL PANELS INSTALLED IN EACH UNIT AND THE GARAGE! COME CHECK OUT THIS VERY AFFORDABLE OPPORTUNITY. This Triplex is a fantastic opportunity for investors seeking reliable, long-term rental income. Featuring three separate units, each with its own private entry, this property offers steady cash flow and excellent ROI potential. The area has shown consistent historical appreciation, and market trends suggest that demand for rental properties will continue to grow, driven by factors like [local job growth, new infrastructure, or increased demand for housing!] Units #1 & #3 have in-unit laundry, enhancing tenant convenience. Unit #2 offers 2 bedrooms, 1 bath, & an in-unit laundry. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. The roof is less than 8 years old! The building is structurally sound, with some recent upgrades done in the last three months. Seller has made many improvements including New boilers, Fresh paint throughout, New carpet/flooring and so much more! 2-car detached garage included. Convenient location with easy access to highways, really close to the local park, shopping and many restaurants. Whether you're an experienced investor or a first-time buyer, this Triplex offers a turn-key opportunity to add a valuable asset to your portfolio. Quick closing desired. See supplements for full list of improvements. Make this be your final investment of the year!

    Zillow last checked: 7 hours ago

    Listing updated: February 04, 2025 at 08:49am

    Listed by:

    Launa Erickson 763-242-6402,

    Realty ONE Group Choice,

    Joseph Dennis Sr. 651-239-5844

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6571664MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Baseboard, Boiler, Zoned
    Features
    • Basement: Block,Finished,Partially Finished,Storage Space,Walk-Out Access
    Interior area
    • Total structure area: 3,100
    • Total interior livable area: 3,100 sqft
    • Finished area above ground: 1,550
    • Finished area below ground: 1,120

    Property

    Parking
    • Total spaces: 2
    • Parking features: Asphalt, Shared Driveway
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (24 X24)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Fencing: Chain Link
    Lot
    • Size: 8,712 sqft
    • Dimensions: 130 x 67
    • Topography: Walkout
    Details
    • Foundation area: 1550
    • Parcel number: 233024340055
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Materials
    • Stucco
    • Roof: Age 8 Years or Less,Asphalt
    Condition
    • Age of Property: 65
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Electric: Fuses
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Minneapolis
    • Subdivision: Hamiltons Add To Mechanics

    Other

    Other facts
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $455,500