12928 Excelsior Boulevard, Minnetonka, MN 55343

$608,400
4
BD
4
BA
2,629
SqFt
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Sold Price
$608,400
List Price
$579,000
Closing Date
Oct 10, 2024
MLS#
6581341
Status
CLOSED
Type
Multifamily
Bedrooms
4
Bathrooms
4
Living Area
2,629
Acres
0.33
Subdivision
Registered Land Surv #184 Tr E
Year Built
1952
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(952) 473-1000

Property Description

Rare opportunity to own a duplex in the highly sought-after Minnetonka area! This turn-key property offers the perfect blend of investment potential and prime location. Situated on a large lot, it provides easy access to local amenities, shopping, and dining. Featuring 2 bedrooms and 2 bathrooms in each unit, a two stall garage and an added 400 finished square feet above the garage to rent out separately (estimated additional $500/mo). One unit currently leased at $1,900/mo. 2nd unit previously rented at $2,215/mo. Tons of quality updates including a new roof (2021), two new furnaces, AC unit, washer and dryer machines, and dishwasher all in 2023. Although this duplex is turn-key and ready to rent, it boasts the option to value-add with the ability to finish out basements and add egress windows, increasing finished square feet and rental income. Enjoy the advantage of rental income while living in one of Minnesota's most desirable suburbs.

(952) 473-1000
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Additional Information

School District
Hopkins
Tax Year
2023
Fuel
Natural Gas
Lot Description
Tree Coverage - Medium
Sewer
City Sewer/Connected
Roof
Age 8 Years or Less
Heating
Forced Air
Water
City Water/Connected
Basement
Block, Partially Finished
Parking
Detached Garage, Gravel, Shared Driveway, Garage Door Opener
Garage Spaces
2
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Listing courtesy of Rize Realty.

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