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$550,000

5 Beds 3 Baths 3,200 SQFT 0.32 Acres
Type: Contingent

2701 Virginia Avenue N
New Hope, MN 55427

MLS#: 7132082
Tracy Snyder
Tracy Snyder
The Real Estate Advantage
Agent
Phone: 952.484.5156
Office: 507.301.0600
Presented by: RE/MAX Results

Property Description

 

Solid investment opportunity in a desirable New Hope location! This fully rented 4-unit property offers an attractive combination of established rental income and a well-maintained building. Each unit provides comfortable living space, while the clean, well-kept common areas create a welcoming environment for residents and add to the overall appeal of the property. With all four units currently leased, this is an excellent opportunity for an investor looking for a property with established occupancy and income already in place. Conveniently located near shopping, dining, parks, schools, and major roadways, this property offers both tenant appeal and long-term investment potential.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,200 sqft
BasementNone
Basement (Y/N)No
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet0
Laundry FeaturesIn Basement, Common Area, Laundry Room, Sink

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
CityNew Hope
ContingencyInspection
CountyHennepin
DirectionsMedicine Lake Rd to Virginia North to property
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income0
HeatingHot Water
High School DistrictRobbinsdale
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,200 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysFuel, Grounds Care, Insurance, Repairs, Snow Removal, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityNew Hope
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameTwin Terra Linda 4th
Tax Annual Amount$9,718
Tax Year2026
Tenant PaysCable TV, Electricity
Trash Expense0
Water Sewer Expense0
Year Built1965
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,200 sqft
FencingNone
Foundation Area1,600 sqft
Lot Dimensions93 X 149.4
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0 sqft
Parking FeaturesAsphalt, Parking Lot, Paved Lot
Road Frontage TypeCity Street
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

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

  

Similar Properties

$550,000

5 Beds 3 Baths 3,200 SQFT 0.32 Acres
Type: Contingent

2701 Virginia Avenue N
New Hope, MN 55427

MLS#: 7132082
Tracy Snyder
Tracy Snyder
The Real Estate Advantage
Agent
Phone: 952.484.5156
Office: 507.301.0600