1440 Lake Street NE, Hopkins, MN 55343

3,080 sqft

Duplex
Built in 1950
6,534sqft lot
2 car garage
$180/sqft
Listed 1 day ago

Property Description

Side by side duplex Each side: 4 beds / 1 bathroom / 1 detached car garage Roof and mechanicals within 5 years One side vacant ready to owner-occupy, the other side leased until 4/30/26 (duplex is fully remodeled) Current Numbers: • $1,875/mo (tenant pays directly to gas and electric providers) • $7,385/yr taxes • $1,615/yr insurance • $2,262/yr utilities Pro Froma Numbers: • 1st Unit - $2,300/mo (tenant pays directly to gas and electric providers) • 2nd Unit - $2,300/mo (tenant pays directly to gas and electric providers) • $7,667/yr taxes • $2,000/yr insurance • $2,262/yr utilities • $1,700/yr repair budget • $38,511 NOI (with 5% vacancy) • 7% Cap Rate at $555k Owner is licensed agent in MN.

Listing Status:: Active
Listing Office:: Savvy Avenue, LLC : 888-490-1268
MLS ID:: 6724179

Basement: Egress Window(s)FinishedFullSump Pump
Heating: Forced Air

This listing courtesy of Savvy Avenue, LLC

Location

Schools Nearby

Alice Smith Elementary

801 Minnetonka Mills Rd, Hopkins, MN, 55343

Grades KG-6

1.43 miles away

Senops

1001 Highway 7, Hopkins, MN, 55305

Grades KG-12

1.54 miles away

Senops

1001 Highway 7, Hopkins, MN, 55305

Grades KG-12

1.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.