USAMNNew Hope5827 Winnetka Ave N
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$640,000

5827 Winnetka Ave N, New Hope, MN

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 3734 sqft
Garage Yes
Taxes $8,126
Days Active 4
Lot Size 
Approx. Age 1971
Avg. Price Per Sqft $171
MLS® Number 6760624

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number6760624
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1971
BasementBlock, Daylight/Lookout Windows, Egress Window(s), Finished
DrivewayAttached Garage, Shared Driveway, Garage Door Opener, Insulated Garage, Multiple Garages, On-Street Parking Only, Units Vary
Garage Spaces
HeatForced Air
A/C
Heating Fuel

Extras

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