Sold: Andover MLS# 6459814
Sold
$650,000 (list price)
$655,000
Multi-family: Four Plex
Built 1972
3,268 sqft • 0.56 acres
Anoka-Hennepin schools
MLS# 6459814
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Property Description
Here is a great opportunity to own a great income producing property in Andover. All of the units were
renovated between 2020 and 2022. Most pictures are of the vacant unit, but that is representative of what all of the other units look like. The solar system is paid for and frequently zeros out the electric bill
and produces extra income monthly.
The vacant unit is available for showings, the rest of the units can be toured after an offer is received.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$650,000
Sold Price:
$655,000
Sold Date:
01/10/2024
Price per sq ft:
$199
Property Type:
Multi-family
City:
Andover
Garage Spaces:
0
County:
Anoka
Year Built:
1972
State:
MN
Property Style:
Four Plex
Zip Code:
55304
Interior
Finished Area:
3,268 ft2
Living Area:
3,268 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Block
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
0
Foundation Size:
1,800 ft2
Foundation Dimensions:
60 x 30
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
- Brick/Stone
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Waterfront:
Pond
Lot & Land
Acres:
0.56
Geolocation:
45.221294, -93.331887
Lot Dimensions:
110 x 220
Zoning:
Residential-Multi-Family
Schools
School District:
11
District Phone:
763-506-1000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,000
Annual Maintenance Expense:
$700
Annual Gross Expense:
$3,150
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$4,548
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$4,548
Income
Annual Gross Income:
$60,360
Misc. Annual Income:
$1,200
Misc. Monthly Income:
$100
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Water System:
Well
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Parcel Real Estate Inc..
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.