3042 Urbandale Lane N, Plymouth, MN 55447

$550,000
3,467
SqFt
List Price
$550,000
MLS#
5292378
Status
ACTIVE
Type
Multifamily
Style
(MF) Duplex Side X Side
Living Area
3,467
Acres
0.52
Subdivision
Greentree Forest
Year Built
1964

Property Description

Amazing investment and possible owner occupant opportunity in Wayzata schools! Side by side walkout 2 story on a .5+ acre lot with a creek running just behind the fence at the back of the lot. This property has been updated for the long game. Major updates performed during ownership: new vinyl windows, LP Smart Siding, GAF Timberline roof, furnace and air on both sides. Both units have been updated with granite and stainless kitchens, tile baths and luxury vinyl flooring (waterproof). 3044 (unit 2) has a sliding glass door and is all set to add a deck. Cap rates at 6+ with great upside for future rent growth. 3044 is currently under-rented to a family at $1895. They are on a month to month lease but would stay long term if the buyer would like. Potential rent = $2,000/unit - see "financials" section for full details

Additional Information

School District
Wayzata
Amenities Shared
Patio
Tax Amount
$5,498
Tax Year
2019
Total Num Units
2
Total Annual Expenses
8378
Annual Rent
4800
Annual Gross Income
48000
Annual Gross Expense
2880
Annual Trash Expense
480
Annual Repair Expense
250
Annual Insurance Expense
1800
Annual Maintenance Expen
350
Lake Waterfront
Creek/Stream
Construction Status
Previously Owned
Fencing
Chain Link
Fuel
Natural Gas
Lot Description
Irregular Lot, Tree Coverage - Medium
Sewer
City Sewer/Connected
Roof
Asphalt Shingles, Age 8 Years or Less
Exterior
Cement Board, Engineered Wood
Has Supplements
Yes
Heating
Forced Air
Water
City Water/Connected
Handicap Accessible
None
Basement
Walkout, Finished (Livable), Concrete Block
Parking
Attached Garage, Garage Door Opener
Garage Spaces
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Edina Realty, Inc..

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