3118 Newton Avenue, Minneapolis, Minnesota, United States, 55411

339,000
for Sale
4
2

About the property:

UP TO $97,000 IN POTENTIAL HOMEBUYER ASSISTANCE MAY BE AVAILABLE — PLUS $3,400/MONTH IN CURRENT RENTAL INCOME! Eligible owner-occupants may have access to multiple homebuyer assistance programs, potentially including up to $45,000 through the Advancing Black Homeownership Community Fund, up to $32,000 in first-generation assistance, and up to $20,000 through the City of Minneapolis, subject to individual eligibility, available funding and program requirements. Not all programs may be combined. Both units are currently leased with $3,400/month in combined rental income. The lower level offers additional finished space, a framed bedroom area and rough-ins for a future kitchen and bathroom, creating potential for additional value. Buyer to verify zoning, permits, code compliance and permitted use with the City of Minneapolis. An opportunity to combine rental income with potentially substantial homebuyer assistance.
Property Type:
Duplex Side by Side
Status:
for Sale
House Style:
Other
Bedrooms:
4
Bathrooms:
2
Acres:
0.12
Square Feet:
1730
Subdivision:
Hamischs 3rd Add
Heating:
Boiler
Directions:
Take Lowry to Newton. Go South. Home is on E side of Newton.
Association Fee:
0
Annual Property Taxes:
3,603
Listing ID:
7161680

Rooms

Dimensions

Brokered by:
Coldwell Banker Realty
Presented By: