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Presented By: Apex Realty
Rare Investment Opportunity: Two Side-by-Side Duplexes (4-Unit Building) in Blaine.
Seize the chance to own two meticulously maintained, turn-key side-by-side duplexes (4-unit building) located across from Happy Acres Park and just minutes from Blaine High School and Bunker Hills Park.
Each unit offers a split floor plan featuring two bedrooms, a full bathroom with a master walkthrough, and an open kitchen, dining, and living area on the upper level. The lower level includes a cozy family room with a wood-burning fireplace, a third bedroom, and a ¾ bathroom.
This fully occupied fourplex boasts new exterior paint (2024) and newer garage doors with openers (2019). Each unit has a two-car garage and operates on separate utilities for gas, electricity, and water, ensuring efficient and hassle-free management.
Tenants are responsible for all utilities, including gas, electricity, trash, and water/sewer. They also handle snow removal and lawn maintenance, ensuring this is a low-maintenance investment.
• Current Market Value: Similar duplexes in Blaine typically value over $550,000 each, making this a smart investment with room for growth.
• Unit #110 recently underwent a kitchen remodel with new kitchen cabinets, granite countertops and a new refrigerator and stove. The unit received fresh paint throughout and luxury vinyl flooring on the upper level (kitchen, living room, dining, and 2 bedrooms) in 2024, and the basement also got newer carpet in 2022, making this unit highly attractive to quality tenants.
• Unit #112 was updated with granite countertops in the kitchen, along with a new stainless steel refrigerator and stove. The entire unit was freshly painted in 2023.
• Unit #114 underwent a kitchen remodel with granite countertops and new stainless steel appliances in 2018 and was further updated with luxury vinyl flooring on the upper level in 2024. The unit was freshly painted in 2022.
• Unit #116 received a kitchen remodel in 2019 with granite countertops, new stainless steel appliances, and plank flooring in the living room, kitchen, and dining areas. The entire unit was freshly painted in 2022.
Thanks to its excellent condition, recent updates, and strong rental history, this fourplex is an outstanding investment opportunity that you won’t want to miss!
Presented By: Apex Realty
Above Grade Finished Area3672
BasementFull, Walkout
Basement (Y/N)Yes
Below Grade Finished Area1728
Foundation Dimensions42x84
FuelNatural Gas
Garage Dimensions19x21 each
Garage Door Width7
Garage Square Feet1596
AccessibilityNone
Additional Parcels Description073123330004, 073123330003
Additional Parcels Y/NYes
CityBlaine
Construction MaterialsBrick/Stone, Stucco
ContingencyNone
CountyAnoka
Days on Market
Directions110 118th Ave NE, Blaine
Electric Expense
Fuel Expense
Garage Spaces8
Gross Income92400
HeatingForced Air
High School DistrictAnoka-Hennepin
Insurance Expense4609
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Lot Size UnitsAcres
MaintenanceExpense600
NST_SqFtTotal5604.00
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense13641
OwnerPaysInsurance, Repairs
PostalCityMinneapolis
Property SubTypeQuadruplex
Property TypeResidential Income
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameDegardners Parkview
Tax Annual Amount7832
Tax Year2024
Tenant PaysAll Utilities, Electricity, Gas, Grounds Care, Snow Removal, Trash Collection
Trash Expense0
Water Sewer Expense0
Year Built1979
Zoning DescriptionResidential-Multi-Family
Foundation Area3528
Lot Dimensions189x105x201x136
Lot Size Area0.55
Parking FeaturesAttached Garage, Asphalt, Tuckunder Garage
Water SourceCity Water/Connected
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