629 Oak ST SE Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55414
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,679 sqft
Price per Sqft $371
Subdivision Meeker Island Land & Power Co Add Rev
MLS Listing ID 6704262
Style (MF) Other
Bedrooms 10
Year Built 1900
Annual Tax Amount $8,243
Lot Size 4,356 Sqft
Property Description
Discover an exceptional front-to-back multi-level duplex nestled in the vibrant heart of Stadium Village at the University of Minnesota! This renovated property, features a rear addition completed in 2010, and offers the perfect blend of modern comfort and student-friendly living.
Each of the spacious units boasts 5 inviting bedrooms, 1.75 stylish baths, and private decks perfect for relaxation. Enjoy the convenience of in-unit laundry, separate mechanical systems, and the added perk of an off-street parking spot.
The front unit (#1) is currently occupied and generates a robust rental income of $3,020 per month, with a lease secured through August 26, 2025. The rear unit (#2) is also occupied, commanding a premium rent of $3,820 per month, with the same lease expiration. The seller covers the water, sewer, and trash bills, while charging tenants a modest reimbursement fee of $25 per tenant per month for these essential utilities. This property stands out as a premier investment opportunity for student housing, making it an invaluable addition to any real estate portfolio. Don't miss out on this remarkable chance to invest in a thriving community!
Location
State MN
County Hennepin
Community Meeker Island Land & Power Co Add Rev
Interior
Heating Forced Air
Laundry In Unit,Main Level
Exterior
Parking Features Assigned,Detached Garage,Driveway - Asphalt,Uncovered/Open
Garage Spaces 1.0
Roof Type Age Over 8 Years,Asphalt Shingles
Building
Lot Description Public Transit (w/in 6 blks),Tree Coverage - Medium
Water City Water/Connected
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional