MN > New Hope > Registered Land Tract D Surv 1
New Hope, MN 55428,5827 Winnetka AVE N
New Hope, MN 55428,5827 Winnetka AVE N
New Hope, MN 55428,5827 Winnetka AVE N
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$640,000
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3,734 SqFt
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5827 Winnetka AVE N New Hope, MN 55428

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Dawn Martinez

Dawn Martinez

+1(608) 790-1385

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Key Details

Property Type Multi-Family

Sub Type Duplex Side by Side

Listing Status Active

Purchase Type For Sale

Square Footage 3,734 sqft

Price per Sqft $171

Subdivision Registered Land Tract D Surv 1

MLS Listing ID 6760624

Year Built 1971

Annual Tax Amount $8,126

Tax Year 2024

Contingent None

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 100x132

Property Sub-Type Duplex Side by Side

Property Description

Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you're an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today's lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.

Location

State MN

County Hennepin

Rooms

Basement Block, Daylight/Lookout Windows, Egress Window(s), Finished

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Attached Garage, Shared Driveway, Garage Door Opener, Insulated Garage, Multiple Garages, On-Street Parking Only, Units Vary

Garage Spaces 2.0

Fence Chain Link, Wood

Roof Type Age Over 8 Years

Building

Lot Description On Golf Course, Many Trees

Story More Than 2 Stories

Foundation 1992

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories More Than 2 Stories

Structure Type Stucco

New Construction false

Schools

School District Robbinsdale

Listed by Samuel Moses • Keller Williams Classic Rlty NW

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agent

Dawn Martinez

Operations Manager

+1(608) 790-1385

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5827 Winnetka AVE N