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$479,900
/mo Edit
Multi-family:  Triplex
Built 1945
3,152 sqft • 0.24 acres
St. Francis schools
MLS# 6727165
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    Property Description

    Incredible investment opportunity in Bethel! This fully rented triplex brings in $4, 482/month: Unit 1 rents for $1, 387, Unit 2 for $1, 350, Unit 3 for $1, 250, and the garage/storage area for $495. The owner invested approximately $100, 000 in improvements, including full electrical rewiring, new panels, a full remodel of Unit 2, and more—all completed with permits and inspections in collaboration with the City of Bethel. Siding was replaced in 2023, the roof is only 4 years old, and all windows have been replaced (except Unit 1). Each unit has access to the side yard, and two units enjoy private decks. The garage features a large second story and a third stall—offering strong potential to add a fourth unit (subject to city approval). Strong rental income with relatively low expenses makes this a solid opportunity to grow your portfolio. Don’t miss out!

    Listing

    Contingency: None
    Price per sq ft: $152
    City: Bethel
    County: Anoka
    State: MN
    Property Style: Triplex
    Zip Code: 55005
    Subdivision Name: Bethel

    Interior

    Living Area: 3,152 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details: Crawl Space

    Exterior

    Stories: Modified Two Story
    Garage Spaces: 3
    Garage Size: 864 ft2
    Foundation Size: 2,298 ft2
    Fencing: Partial, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Detached
    • Garage Door Opener
    • Gravel
    • Guest Parking
    • Insulated Garage
    • More Parking Onsite for Fee
    • Storage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    • Porch
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.24
    Geolocation: 45.40347, -93.267409
    Lot Dimensions: 125 x 140

    Farm

    Topography: Level

    Schools

    School District: 15
    District Phone: 763-753-7040

    Expenses

    Annual Caretaker Expense: $3,852
    Annual Electric Expense: None
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: $9,132
    Annual Trash Expense: $1,500
    Annual Water/Sewer Expense: $1,380
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,357
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $4,405

    Income

    Annual Gross Income: $53,784
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 3

    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 Fuze Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.