418 - 420 Morgan Avenue
Minneapolis, MN 55405

Commercial
  • 0.22acres
$750,000
Est. P&I payment: $2864.49/mo
418 - 420 Morgan Avenue, Minneapolis, MN 55405
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 1
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 2
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 3
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 4
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 5
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 6
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 7
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 8
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 9
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 10
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 11
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 12
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 13
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 14
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 15
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 16
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 17
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 18
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 19
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 20
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 21
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 22
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 23
  • 418 - 420 Morgan Avenue, Minneapolis, MN 55405 Photo 24
Share  
Description for 418 - 420 Morgan Avenue, Minneapolis, MN 55405
Investment opportunity in the beautiful Bryn Mawr neighborhood, overlooking Bryn Mawr Meadows Park

Listing Agent

EXIT Realty Metro
Listed by
EXIT Realty Metro
Tour This Property In Person
Request a Showing
 

My Notes for MLS #4937280

General Features

  • Acres: 0.22
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1923
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 5
  • Status: Active

Exterior Features

  • Exterior: Wood
  • Parking Characteristics: Detached Garage
  • Road Frontage: City
  • Lot Description: Irregular Lot
  • Lot Dimensions: irregular
  • Garage Stalls: 2
  • Other Parking Spaces: 2

Interior Features

  • Building Finished Square: 5,173
  • Handicap Accessible: None
  • Basement: Full,​Unfinished
  • Roof: Asphalt Shingles
  • Number of 1 Bedroom Unit: 1
  • Number of 2 Bedroom Unit: 4
  • Number of Units 3: 1
  • Number of Units 4: 1
  • Number of Units 5: 1
  • Number of Units 6: 2

Utilities Features

  • Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Air Conditioning: Window
  • Heating: Hot Water
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: Five
  • Number of Refrigerators: Five
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 3,324
  • Annual Fuel Expense: 2,952
  • Annual Insurance Expense: 2,472
  • Annual Gross Expense: 20,256
  • Tenant Expenses: Cable T.V.
  • Total Annual Income: 62,100
  • Unit 3 Monthly Rent: 700
  • Annual Rent 3: 8,400
  • Unit 4 Monthly Rent: 975
  • Annual Rent 4: 11,700
  • Unit 5 Monthly Rent: 1,100
  • Annual Rent 5: 13,200
  • Unit 6 Monthly Rent: 1,200
  • Annual Rent 6: 14,400
  • Total Monthly Income: 5,175
  • Annual Net Income: 38,244
  • Tax Amount: 7,643
  • Tax With Assessments: 7,850.13
  • Tax Year: 2018
  • Annual Gross Income: 58,500

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Bryn - Mawr

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: None
  • Amenities - Unit: None
  • Foundation Size: 2,222
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
Street View Not Available
Directions to 418 - 420 Morgan Avenue, Minneapolis, MN 55405
394 t0 Penn Ave, N to Laurel Ave West to Morgan Ave, South to Home
The listing information for 418 - 420 Morgan Avenue, Minneapolis, MN 55405 was graciously provided by our friends at the listing brokerage, EXIT Realty Metro

Get Financing for 418 - 420 Morgan Avenue, Minneapolis, MN 55405

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
Request Mortgage Information
($ or %)
%
P&I Payment $2864.49
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Metro's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Metro, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Copyright 2018 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than EXIT Realty Metro are marked with the Broker Reciprocity SM logo or the Broker Reciprocity SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

View EULA | View Digital Millennium Copyright Act (DMCA) Notice
Last Updated 04/20/2018 at 9:11am
Agent Login    |    Powered by Onjax
Create Free Account or
Chris Deutsch
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or