For Sale: Richfield MLS# 6757146
Active
NEW!
$400,000
Multi-family: Duplex Up and Down
Built 1960
2,250 sqft • 0.23 acres
Richfield schools
MLS# 6757146
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Property Description
Discover the potential of this duplex located at 321-323 74th St W, Richfield. The main level features 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 1 bathroom, providing ample living space. The current rent is below market value, and both units are on the month-to-month lease, offering flexibility for new owners.
This property promises excellent cash flow potential, with the price reflecting its current condition. Conveniently located, this duplex is close to amenities and transportation. Don't miss out on this chance to invest in a valuable asset in desirable location!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$178
Property Type:
Multi-family
City:
Richfield
Garage Spaces:
0
County:
Hennepin
Year Built:
1960
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55423
Interior
Finished Area:
2,250 ft2
Living Area:
2,250 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,125 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Other
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
- Aluminum Siding
- Brick/Stone
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.23
Geolocation:
44.868825, -93.284373
Lot Dimensions:
0
Schools
School District:
280
District Phone:
612-798-6010
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,005
Annual Maintenance Expense:
None
Annual Gross Expense:
$11,349
Annual Trash Expense:
$385
Annual Water/Sewer Expense:
$850
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,917
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,917
Income
Annual Gross Income:
$24,300
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
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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.