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Active Contingent
$425,000
/mo Edit
Multi-family:  Four Plex
Built 1890
1,960 sqft0.25 acres
Anoka-Hennepin schools
MLS# 6534329
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    Property Description

    Well maintained 4-plex in a prime location in Anoka! This property is great for investors seeking a lucrative addition to their portfolio. With a total of 8 bedrooms, and 4 bathrooms, this income producing property already houses a fully rented out property. Each unit is spacious with abundant natural light and neutral colors creating an ideal canvas for your own personal style. The unbeatable location can't be overstated - just a short walk to Downtown Anoka, the new social district. This prime location offers lively entertainment, restaurants, trails and more all at your fingertips.

    Listing

    Contingency: Inspection
    Price per sq ft: $217
    City: Anoka
    County: Anoka
    State: MN
    Property Style: Four Plex
    Zip Code: 55303
    Subdivision Name: Geo W Branches Add

    Interior

    Living Area: 1,960 ft2
    Basement Details: Finished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 440 ft2
    Foundation Size: 1,050 ft2
    Handicap Accessible: None
    Heating System: Boiler
    Parking Features:
    • Detached
    • More Parking Onsite for Fee
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.25
    Geolocation: 45.201482, -93.398576
    Lot Dimensions: 66 x 165
    Zoning: Residential-Multi-Family

    Schools

    School District: 11
    District Phone: 763-506-1000

    Expenses

    Annual Electric Expense: $2,100
    Annual Fuel Expense: $2,000
    Annual Insurance Expense: $1,750
    Annual Gross Expense: $8,158
    Annual Trash Expense: $880
    Annual Water/Sewer Expense: $1,428

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,904
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,967

    Income

    Annual Gross Income: $49,200

    Units

    Total Units: 4

    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

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Realty ONE Group Choice.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.