$335,000
$335,000
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1,386 SqFt
SOLD DATE : 07/01/2022
Key Details
Sold Price $335,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 1,386 sqft
Price per Sqft $241
MLS Listing ID 6195678
Sold Date 07/01/22
Year Built 1925
Annual Tax Amount $3,365
Tax Year 2021
Contingent None
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40x123
Property Description
Cash Cow Property or live for Free - Side-by-side duplex has simultaneously been running as a long- and short-term rental, producing a high annual income. 2018-2021 one side has operated as an Airbnb/VRBO while the other has operated as a long-term rental. In 2021 the short term grossed $31K in annual income while the other side operated as a long-term rental w/ $16k. Total gross annual income of $47K. Expenses will vary based on your involvement of operating, cleaning etc., & if you keep it running in this capacity or change it to all longer-term rentals. Someone could easily live here for free by operating the other unit as long term or short-term rental. Units are a mirror image of each other, cute, small, efficient, & easy to maintain. Units have private & separate outdoor spaces from one another. 2-car garage. NO current leases in place. Separate utility.
Location
State MN
County Ramsey
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Detached, More Parking Offsite for Fee
Garage Spaces 2.0
Fence Wood
Roof Type Age Over 8 Years,Asphalt
Parking Type Detached, More Parking Offsite for Fee
Building
Lot Description Corner Lot
Story One
Foundation 1056
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Stucco
New Construction false
Schools
School District St. Paul
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