110 118th AVE NE Blaine, MN 55434
5,400 SqFt
UPDATED:
09/26/2024 08:38 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $203
Subdivision Degardners Parkview
MLS Listing ID 6601243
Year Built 1979
Annual Tax Amount $7,832
Tax Year 2024
Contingent None
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 189x105x201x136
Property Description
Seize the chance to own two meticulously maintained, turn-key side-by-side duplexes (4-unit building) located across from Happy Acres Park and just minutes from Blaine High School and Bunker Hills Park.
Each unit offers a split floor plan featuring two bedrooms, a full bathroom with a master walkthrough, and an open kitchen, dining, and living area on the upper level. The lower level includes a cozy family room with a wood-burning fireplace, a third bedroom, and a ¾ bathroom.
This fully occupied fourplex boasts new exterior paint (2024) and newer garage doors with openers (2019). Each unit has a two-car garage and operates on separate utilities for gas, electricity, and water, ensuring efficient and hassle-free management.
Tenants are responsible for all utilities, including gas, electricity, trash, and water/sewer. They also handle snow removal and lawn maintenance, ensuring this is a low-maintenance investment.
• Current Market Value: Similar duplexes in Blaine typically value over $550,000 each, making this a smart investment with room for growth.
• Unit #110 recently underwent a kitchen remodel with new kitchen cabinets, granite countertops and a new refrigerator and stove. The unit received fresh paint throughout and luxury vinyl flooring on the upper level (kitchen, living room, dining, and 2 bedrooms) in 2024, and the basement also got newer carpet in 2022, making this unit highly attractive to quality tenants.
• Unit #112 was updated with granite countertops in the kitchen, along with a new stainless steel refrigerator and stove. The entire unit was freshly painted in 2023.
• Unit #114 underwent a kitchen remodel with granite countertops and new stainless steel appliances in 2018 and was further updated with luxury vinyl flooring on the upper level in 2024. The unit was freshly painted in 2022.
• Unit #116 received a kitchen remodel in 2019 with granite countertops, new stainless steel appliances, and plank flooring in the living room, kitchen, and dining areas. The entire unit was freshly painted in 2022.
Thanks to its excellent condition, recent updates, and strong rental history, this fourplex is an outstanding investment opportunity that you won’t want to miss!
Location
State MN
County Anoka
Zoning Residential-Multi-Family
Rooms
Basement Full, Walkout
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Attached Garage, Asphalt, Tuckunder Garage
Garage Spaces 8.0
Roof Type Asphalt
Building
Story Split Entry (Bi-Level)
Foundation 3528
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Split Entry (Bi-Level)
Structure Type Brick/Stone,Stucco
New Construction false
Schools
School District Anoka-Hennepin