For Sale: Spring Lake Park MLS# 7049215
Active
NEW!
$350,000
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1958
1,728 sqft • 0.36 acres
MLS# 7049215
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Property Description
Rare opportunity to own a side-by-side duplex with one side vacant for owner-occupancy and the other side leased month-to-month, offering immediate rental income. Each unit features 2 bedrooms, 1 bathroom, an attached garage stall, and access to a shared onsite laundry room conveniently located between the units. Situated on a spacious lot with large front and back yards, the property offers mature trees, plenty of shade, and ample on-street parking. Unit 7922 has seen recent cosmetic updates including new flooring, carpet, and freshly painted kitchen cabinets. This property presents a solid opportunity for investors looking to expand their portfolio or for an owner-occupant looking to offset their mortgage with rental income. Recent mechanical updates include a new furnace and water heater in 2024, along with a new laundry tub in 2025. Conveniently located near schools, parks, Mercy Hospital, public transportation, and several retail and shopping areas, this property offers easy access to everyday amenities for both tenants and future owners alike.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$350,000
Price per sq ft:
$203
Property Type:
Multi-family
City:
Spring Lake Park
Garage Spaces:
2
County:
Anoka
Year Built:
1958
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55432
Subdivision Name:
Ferndale Add
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,728 ft2
Living Area:
1,728 ft2
Refrigerators:
One Per Unit
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
351 ft2
Foundation Size:
1,728 ft2
Fencing:
None
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.36
Geolocation:
45.112402, -93.258989
Lot Dimensions:
120 x 129
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
844
District Phone:
7637865570
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$1,214
Annual Insurance Expense:
$2,991
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,686
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,539
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,587
Income
Annual Gross Income:
$39,600
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.