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$399,000

6 Beds 2 Baths 2,412 SQFT 0.30 Acres
Type: Multi-Family

5017-5019 Shoreline Drive
Mound, MN 55364

MLS#: 7156572
Ryan Beardsley
Ryan Beardsley
The Real Estate Advantage
REALTOR
Phone: 612.991.2630
Office: 952.224.8800
Presented by: 10K Realty

Property Description

 

Fantastic investment opportunity in Mound! Unit 5019 has been newly renovated, is vacant and is ready to rent! This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 1 bathroom, making it an excellent addition to a rental portfolio or a great option for an owner-occupant. Both units feature nice updates, comfortable living spaces, and their own private laundry for added convenience. Each unit also has its own garage, providing valuable additional parking and storage. The property sits on a large yard with plenty of outdoor space and a more private setting for tenants to enjoy. Current rents are below market value, offering potential upside for a new owner and an opportunity to increase future rental income. With two 3-bedroom units, separate laundry, garage space for each unit, and a generous yard, this property offers many of the features tenants look for in a rental. Conveniently located in Mound near Lake Minnetonka, parks, shopping, dining, schools, and other area amenities. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers a great combination of space, location, privacy, and income potential.


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,850 sqft
BasementFinished
Basement (Y/N)Yes
Below Grade Finished Area562 sqft
FuelNatural Gas
Garage Dimensions23x36
Garage Square Feet859
Laundry FeaturesIn Basement

General

AccessibilityNone
Additional Parcels Y/NNo
CityMound
Construction MaterialsBlock
ContingencyNone
CountyHennepin
DirectionsCommerce Blvd, to Shoreline Drive
Electric Expense0
Fuel Expense0
Garage Spaces4
Gross Income0
HeatingForced Air
High School DistrictWestonka
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area2,412 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
PostalCityMound
Property SubtypeDuplex Side by Side
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJohn S Carlson Add
Tax Annual Amount$5,207
Tax Year2026
Tenant PaysAll Utilities
Trash Expense0
Water Sewer Expense0
Year Built1970
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,607 sqft
Foundation Area1,850 sqft
Lot Dimensions60x218
Lot Size Area0 sqft
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

$399,000

6 Beds 2 Baths 2,412 SQFT 0.30 Acres
Type: Multi-Family

5017-5019 Shoreline Drive
Mound, MN 55364

MLS#: 7156572
Ryan Beardsley
Ryan Beardsley
The Real Estate Advantage
REALTOR
Phone: 612.991.2630
Office: 952.224.8800