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12928 Excelsior BLVD Minnetonka, MN 55343
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Key Details
Sold Price $608,400
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 2,629 sqft
Price per Sqft $231
Subdivision Registered Land Surv #184 Tr E
MLS Listing ID 6581341
Sold Date 10/10/24
Year Built 1952
Annual Tax Amount $5,761
Tax Year 2023
Contingent None
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 86x196
Property Description
Rare opportunity to own a duplex in the highly sought-after Minnetonka area! This turn-key property offers the perfect blend of investment potential and prime location. Situated on a large lot, it provides easy access to local amenities, shopping, and dining. Featuring 2 bedrooms and 2 bathrooms in each unit, a two stall garage and an added 400 finished square feet above the garage to rent out separately (estimated additional $500/mo). One unit currently leased at $1,900/mo. 2nd unit previously rented at $2,215/mo. Tons of quality updates including a new roof (2021), two new furnaces, AC unit, washer and dryer machines, and dishwasher all in 2023. Although this duplex is turn-key and ready to rent, it boasts the option to value-add with the ability to finish out basements and add egress windows, increasing finished square feet and rental income. Enjoy the advantage of rental income while living in one of Minnesota's most desirable suburbs.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Partially Finished
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached, Gravel, Shared Driveway, Garage Door Opener
Garage Spaces 2.0
Roof Type Age 8 Years or Less
Building
Lot Description Tree Coverage - Medium
Story One
Foundation 1494
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick/Stone,Wood Siding
New Construction false
Schools
School District Hopkins
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