For Sale: Blaine MLS# 6601243
Active
$1,100,000
Multi-family: Four Plex
Built 1979
5,400 sqft • 0.55 acres
Anoka-Hennepin schools
MLS# 6601243
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Property Description
Rare Investment Opportunity: Two Side-by-Side Duplexes (4-Unit Building) in Blaine.
Seize the chance to own two meticulously maintained, turn-key side-by-side duplexes (4-unit building) located across from Happy Acres Park and just minutes from Blaine High School and Bunker Hills Park.
Each unit offers a split floor plan featuring two bedrooms, a full bathroom with a master walkthrough, and an open kitchen, dining, and living area on the upper level. The lower level includes a cozy family room with a wood-burning fireplace, a third bedroom, and a ¾ bathroom.
This fully occupied fourplex boasts new exterior paint (2024) and newer garage doors with openers (2019). Each unit has a two-car garage and operates on separate utilities for gas, electricity, and water, ensuring efficient and hassle-free management.
Tenants are responsible for all utilities, including gas, electricity, trash, and water/sewer. They also handle snow removal and lawn maintenance, ensuring this is a low-maintenance investment.
• Current Market Value: Similar duplexes in Blaine typically value over $550, 000 each, making this a smart investment with room for growth.
• Unit #110 recently underwent a kitchen remodel with new kitchen cabinets, granite countertops and a new refrigerator and stove. The unit received fresh paint throughout and luxury vinyl flooring on the upper level (kitchen, living room, dining, and 2 bedrooms) in 2024, and the basement also got newer carpet in 2022, making this unit highly attractive to quality tenants.
• Unit #112 was updated with granite countertops in the kitchen, along with a new stainless steel refrigerator and stove. The entire unit was freshly painted in 2023.
• Unit #114 underwent a kitchen remodel with granite countertops and new stainless steel appliances in 2018 and was further updated with luxury vinyl flooring on the upper level in 2024. The unit was freshly painted in 2022.
• Unit #116 received a kitchen remodel in 2019 with granite countertops, new stainless steel appliances, and plank flooring in the living room, kitchen, and dining areas. The entire unit was freshly painted in 2022.
Thanks to its excellent condition, recent updates, and strong rental history, this fourplex is an outstanding investment opportunity that you won’t want to miss!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,100,000
Price per sq ft:
$204
Property Type:
Multi-family
City:
Blaine
Garage Spaces:
8
County:
Anoka
Year Built:
1979
State:
MN
Property Style:
Four Plex
Zip Code:
55434
Subdivision Name:
Degardners Parkview
Interior
Finished Area:
5,400 ft2
Living Area:
5,400 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Full
- Walkout
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
8
Garage Dimensions:
19x21 each
Garage Size:
1,596 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
3,528 ft2
Foundation Dimensions:
42x84
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Tuckunder Garage
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.55
Geolocation:
45.185029, -93.263385
Lot Dimensions:
189 x 105 x 201 x 136
Addl Parcels:
073123330004, 073123330003
Zoning:
Residential-Multi-Family
Schools
School District:
11
District Phone:
763-506-1000
Expenses
Annual Insurance Expense:
$4,609
Annual Maintenance Expense:
$600
Annual Gross Expense:
$5,809
Tenant Expenses:
All Utilities, Electricity, Gas, Grounds Care, Snow Removal, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,832
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,832
Income
Annual Gross Income:
$92,400
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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 Apex Realty.
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.