$605,000
$635,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
972 Hamel RD Medina, MN 55340
0.68 Acres Lot
Key Details
Sold Price $605,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Medina Creekside Add
MLS Listing ID 5569910
Sold Date 06/19/20
Year Built 1968
Annual Tax Amount $5,854
Tax Year 2019
Contingent None
Lot Size 0.680 Acres
Acres 0.68
Lot Dimensions 110x270
Property Description
First-time avail in 24 yrs! Really solid 6 unit apartment property on .68 acre lot. Nice curb appeal. Newer rubber flat roof, newer hot water boiler & many windows replaced. Units in good condition though some untouched b/c long term tenants. All units rented m2m. See supplement for financials. Low rents currently. Market rents = 7+% Cap Rate. Observe COVID-19 showing requirements. This is a property that you’ll be glad to own into the future!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Hot Water
Cooling Wall Unit(s)
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Asphalt, Open
Utilities Available Electric Separate, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less, Flat, Rubber
Present Use Residential
Building
Story Two
Foundation 1792
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Level or Stories Two
Structure Type Brick/Stone, Stucco
Schools
School District Wayzata
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