644 2nd Avenue
Excelsior, MN 55331
MLS #4916152

Multi-Family
  • 2units
  • 8beds
  • 0.296acres
  • 3,266sq ft
$562,000
Est. P&I payment: $2146.46/mo
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Description for 644 2nd Avenue, Excelsior, MN 55331
Designer duplex with great walkability to downtown Excelsior! Perfect for owner occupant or investor! Each unit is fully remodeled and submetered. All new kitchens, baths, furnaces, ac's, and more! Live in one side and rent the other or rent out both! Units commanded $2,200 per side in 2017. List price is at an 8% cap. Current management willing to stay on if desired.
MLS #4916152
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My Notes for MLS #4916152

General Features

  • Propery Type: MF
  • Total Number of Units: 2
  • Year Built: 1959
  • Acres: 0.296
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Irregular Lot,​Tree Coverage - Light
  • Lot Dimensions: 170x80
  • Status: Active
  • Style: (MF) Duplex Side X Side

Exterior Features

  • Exterior: Wood,​Brick/Stone
  • Road Frontage: City,​Paved Streets
  • Parking Characteristics: Attached Garage,​Driveway - Asphalt,​Driveway - Shared
  • Garage Stalls: 2
  • Roof: Asphalt Shingles,​Age Over 8 Years

Interior Features

  • Total Finished Square Footage: 3,266
  • Handicap Accessible: None
  • Basement: Full,​Finished (Livable),​Egress Windows
  • Above Ground Finished SqFt: 1,702
  • Below Ground Finished SqFt: 1,564
  • Unit 1 Amenities: Natural Woodwork,​Hardwood Floors,​Tile Floors,​Washer/Dryer Hookup
  • Unit 1 B1 Dimensions: 10x11
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Dimensions: 10x11
  • Unit 1 B2 Level: Main (Ground)
  • Unit 1 B3 Dimensions: 10x11
  • Unit 1 B3 Level: Lower
  • Unit 1 B4 Dimensions: 9x10
  • Unit 1 B4 Level: Lower
  • Unit 1 3QTR Bath: 1
  • Unit 1 Bath Characteristics: Main Floor Full Bath,​3/4 Basement
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 2
  • Unit 1 Bedrooms: 4
  • Unit 1 Dining Room: Informal Dining Room,​Eat In Kitchen
  • Unit 1 Dining Room Dimensions: 5.5x8
  • Unit 1 Dining Room Level: Main (Ground)
  • UNIT1_Ex-1 Dimensions: 6x6
  • UNIT1_Ex-1 Level: Lower
  • Unit 1 Ex-1 Name: Library
  • Unit 1 Family Rm Characteristics: Lower Level
  • Unit 1 Family Room Dimensions: 16x11
  • Unit 1 Family Room Level: Lower
  • Unit 1 Kitchen Dimensions: 8x8
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Dimensions: 17x11
  • Unit 1 Living Room Level: Main (Ground)
  • Unit 1 Number of Units: 1
  • Unit 1 Special Rooms: Main Floor Bedroom
  • Unit 1 Total Rooms: 9
  • Unit 1 Finished Square Footage: 1,633
  • Unit 2 Amenities: Patio,​Tile Floors,​Washer/Dryer Hookup
  • Unit 2 Bedroom 1 Dimensions: 10x11
  • Unit 2 Bedrrom 1 Level: Main (Ground)
  • Unit 2 Bedroom 2 Level: 10x11
  • Unit 2 Bedrrom 2 Level: Main (Ground)
  • Unit 2 Bedroom 3 Dimensions: 10x11
  • Unit 2 Bedroom 3 Level: Lower
  • Unit 2 Bedroom 4 Dimensions: 9x10
  • Unit 2 Bedroom 4 Level: Lower
  • Unit 2 three Quarter Bath: 1
  • Unit 2 Bath Characteristics: Main Floor Full Bath,​3/4 Basement
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 2
  • Unit 2 Number of Bedrooms: 4
  • Unit 2 Dining Room: Informal Dining Room,​Eat In Kitchen
  • Unit 2 Dimensions: 5.5x8
  • Unit 2 Dining Room Level: Main (Ground)
  • Unit 2 Ex-1 Dimensions: 6x6
  • Unit 2 Ex-1 Level: Lower
  • Unit 2 Ex-1 Name: Laundry
  • Unit 2 Family Room Characteristics: Lower Level
  • Unit 2 Family Room Dimensions: 16x11
  • Unit 2 Family Rm Level: Lower
  • Unit 2 Kitchen Dimensions: 8x8
  • Unit 2 Kitchen Level: Main (Ground)
  • Unit 2 Living Room Dimensions: 17x11
  • Unit 2 Living Room Level: Main (Ground)
  • Unit 2 Number of Units: 1
  • Unit 2 Special Rooms: Main Floor Bedroom
  • Unit 2 Total Rooms: 9
  • Unit 2 Finished Square Footage: 1,633

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Unit 1 Appliances: Range,​Microwave,​Dishwasher,​Refrigerator,​Washer,​Dryer
  • Unit 1 Air: Central
  • Unit 2 Appliances: Range,​Microwave,​Dishwasher,​Refrigerator,​Washer,​Dryer
  • Unit 2 Air: Central
  • Number of Ranges: Two
  • Number of Refrigerators: Two
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 26,400
  • Annual Gross Income: 52,800
  • Unit 1 Monthly Rent: 2,200
  • Unit 2 Annual Rent: 26,400
  • Unit 2 Monthly Rent: 2,200
  • Tax Amount: 3,824
  • Tax With Assessments: 3,824
  • Tax Year: 2018
  • Tenant Expenses: Water/Sewer,​Electric,​Fuel,​Cable T.V.

Community Features

  • Municipality: Excelsior
  • County: Hennepin
  • Postal City: Excelsior (MN)

School Features

  • School District: 276 - Minnetonka
  • School District Phone: 952-401-5000

Misc Features

  • Construction Status: Previously Owned
  • Foundation Size: 1,702
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 644 2nd Avenue, Excelsior, MN 55331
Mill street South to 3rd Ave, turn East, left on Wheeler, left on 2nd to property
The listing information for 644 2nd Avenue, Excelsior, MN 55331 was graciously provided by our friends at the listing brokerage, Excelsior Real Estate, Inc

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Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $2146.46
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Last Updated 04/26/2018 at 7:57am
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