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For Sale:  Blaine MLS# 6762607

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Active NEW!
$449,990
/mo Edit
Multi-family:  Duplex Side by Side
Built 1965
794 sqft • 0.3 acres
Spring Lake Park schools
MLS# 6762607
763-576-8286
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    Property Description

    Excellent duplex investment in a prime Blaine location! Each unit offers 3 bedrooms, 1 full bath and a large, open main level. Both units also include a 3rd bedroom, spacious family room and a large utility/laundry area in the lower level. The semi-finished basements provide great potential to add a second bath and additional finished square footage, perfect for building sweat equity and increased future rental income. Each unit features central air for year-round comfort, and tenants share a large over-sized fenced yard, ideal for outdoor living and gatherings. Situated between Hwy 10 and Hwy 65 for easy commuting, and a short commute to area recreation and parks with just a short walk to Laddie Lake Park. Both units are currently leased significantly below market rates with lease expiration dates of Aug 31 for 1635 and Jan 31 for 1637. Tenants are responsible for paying ALL utilities while owner pays taxes and insurance. This duplex is a great investment opportunity in a high-demand rental area with plenty of room to increase equity and rental income! Don't pass up this opportunity!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $449,990
    Price per sq ft: $567
    Property Type: Multi-family
    City: Blaine
    Garage Spaces: 2
    County: Anoka
    Year Built: 1965
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55449
    Subdivision Name: Mary Elizabeth Add

    Interior

    Finished Area: 794 ft2
    Living Area: 794 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Partially Finished

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Size: 528 ft2
    Foundation Size: 728 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Attached Garage
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Stucco

    Lot & Land

    Acres: 0.3
    Geolocation: 45.124867, -93.229267
    Lot Dimensions: 95 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 16
    District Phone: 763-786-5570

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: None
    Annual Gross Expense: $8,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,884
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,884

    Income

    Annual Gross Income: $28,000
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.