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$484,900

5 Beds 3 Baths 2,716 SQFT 0.35 Acres
Type: Multi-Family

1398 25th Street NW
New Brighton, MN 55112

MLS#: 7129166
Andrew Kreye
Andrew Kreye
The Real Estate Advantage
Realtor
Phone: 952.693.1291
Office: 763.755.1100
Presented by: Keller Williams Classic Realty

Property Description

 

Rare investment opportunity in a highly desirable New Brighton location adjacent to Irondale High School and convenient to Long Lake Road, parks, and major roadways. This well-established property features a 3-bedroom, 2-bath on the main/lower level and 2-bedroom, 1-bath on the upper level. The main and upper levels have similar bedroom sizes with the main-level unit offering slightly more living space and the upper unit featuring a large private sundeck. The lower level walks out to the back yard. This lower level offers an excellent opportunity for an extended number of residents from a main or upper level lease. Long-term tenants add to the appeal for investors looking for an established rental property. Owner occupants can purchase this property with as little as 3-5% down and maybe reside in the basement with approval from authorities. Leases are month to month with 60-day notices. Situated on a corner lot, the fenced backyard backs to a wooded area, providing added privacy and outdoor space. A detached 2-car garage provides additional parking and storage. New washer and dryer in common area. Smoke detectors and carbon monoxide detectors have all been updated per code. City inspection recently completed. Whether you're looking for an income-producing duplex or owner-occupied investment, this property offers plenty of possibilities in a great location!


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,016 sqft
BasementBlock, Daylight/Lookout Windows, Finished, Full, Kitchenette, Walkout
Basement (Y/N)Yes
Below Grade Finished Area700 sqft
Foundation Dimensions24*48
FuelNatural Gas
Garage Dimensions24x26
Garage Door Width9 sqft
Garage Square Feet624
Laundry FeaturesIn Basement, Lower Level

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry
CityNew Brighton
Construction MaterialsBlock, Frame
ContingencyNone
CountyRamsey
DirectionsLong Lake Rd to 25th St then east to 14th Ave
ElectricCircuit Breakers, 100 Amp Service
Electric Expense7228
Fuel Expense0
Garage Spaces2
Gross Income27600
HeatingBoiler, Hot Water
High School DistrictMounds View
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,716 sqft
Lot Size UnitsAcres
MaintenanceExpense1500
Net Operating Income23100
New ConstructionNo
Number Of Units Total2
Operating Expense4500
OwnerPaysInsurance, See Remarks
Pool FeaturesNone
PostalCityNew Brighton
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameIron Works
Tax Annual Amount$8,597
Tax Year2026
Tenant PaysSee Remarks
TopographyWalkout
Trash Expense672.84
Water Sewer Expense1397.98
Year Built1965
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,716 sqft
FencingChain Link
Foundation Area1,152 sqft
Lot Dimensions120*129
Lot FeaturesCorner Lot
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Road Frontage TypeCity Street, Paved Streets
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$484,900

5 Beds 3 Baths 2,716 SQFT 0.35 Acres
Type: Multi-Family

1398 25th Street NW
New Brighton, MN 55112

MLS#: 7129166
Andrew Kreye
Andrew Kreye
The Real Estate Advantage
Realtor
Phone: 952.693.1291
Office: 763.755.1100