405 E 31st Street

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Great investment deal! Three newly built townhomes in South Minneapolis, all units are rented out for a total monthly income of $8,600. Each unit boasts 3 bedroom, 3 bathroom, and a beautiful kitchen with granite countertops and stainless steel appliances. The primary bedroom features two walk-in closets with a convenient second level laundry room. A fully finished basement includes the third bedroom and full bathroom. 3 PID numbers, each townhome has own PID number.

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Price:$$1,000,000
Address:405 E 31st Street
City:Minneapolis
County:Hennepin
State:Minnesota
Zip Code:55408
MLS:6616329
Year Built:2023
fuel:Natural Gas
roof:Flat
sewer:City Sewer/Connected
cooling:Central Air
heating:Forced Air
taxYear:2024
basement:Egress Window(s), Finished, Full
expenses:28747.0000
ownerPays:Insurance, Grounds Care, Repairs, Snow Removal, Taxes
utilities:Electric Separate, Heating Separate, Hot Water Separate
appliances:Air-To-Air Exchanger, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
currentUse:Residential
inclusions:Building,Land,Leases
postalCity:Minneapolis
tenantPays:All Utilities
contingency:None
grossIncome:103200
lenderOwned:No
lotFeatures:Public Transit (w/in 6 blks), Corner Lot, Sod Included in Price
officeBoard:MAAR
parkingOpen:1
waterSource:City Water/Connected
garageSpaces:2
lotSizeUnits:Acres
neighborhood:Central
ageOfProperty:1
foundationArea:2220
numberOfRanges:Three
parkingFeatures:Detached, Open
rentalLicenseYN:yes
taxAnnualAmount:18187
insuranceExpense:3360
roadFrontageType:City Street
assessmentPending:No
foreclosureStatus:No
lotSizeDimensions:90x52
rentalLicenseType:Standard
zoningDescription:Residential-Multi-Family
highSchoolDistrict:Minneapolis
netOperatingIncome:74453
numberOfUnitsTotal:3
potentialShortSale:No
taxWithAssessments:18187.0000
schoolDistrictPhone:612-668-0000
allowedUseCaseGroups:IDX
schoolDistrictNumber:1
accessibilityFeatures:None
constructionMaterials:Vinyl Siding
fractionalOwnershipYN:No
numberOfRefrigerators:Three
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