3042 Urbandale Lane N Plymouth, MN 55447 (Sold)

$545,000 4 4
Price Bedrooms Bathrooms
Price did not change before being sold on 2/27/2020
Status: Sold

MLS #: 5292378

Duplex Side X Side Sq. Feet: 3467
Date Sold: 2/27/2020 Lot Size: 0.52 Acres
City: See All Properties for Sale in Plymouth
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Amazing investment and possible owner occupant opportunity in Wayzata schools!

Side by side walkout 2 story on a .53+ acre lot with a creek running just behind the fence at the back of the lot. This property has been updated for the long game.

Major updates performed during ownership: new vinyl windows, LP Smart Siding 2015, GAF Timberline roof 2011, furnace and air on both sides 2014. Both units have been updated with granite and stainless kitchens, tile baths and luxury vinyl flooring (waterproof). 3044 (unit 2) has a sliding glass door and is all set to add a deck.

Cap rate at 7+ with great upside for future rent growth.

Both units currently under-rented at $1895 per side. 3044 is rented through April 2021. 3042 on a month to month lease for flexibility of the new buyer to owner occupy if desired, but would stay long term.

Potential rent = $2,100/unit - see "financials" section for full details
Bedrooms: 4
Bathrooms: 4
Year Built: 1964
Stories: 2
Construction: Cement Board, Engineered Wood
Construction Status: Previously Owned
Roof: Asphalt Shingles, Age 8 Years or Less
Foundation Size: 1407
Basement: Walkout, Finished (Livable), Concrete Block
Unit 1: 3 beds, 2 baths. Rent: $4800. Amenities: Porch
Heating: Forced Air
Fuel: Natural Gas
Finished Sq. Ft.
Above Grade 2707
Below Grade 760
Total 3467
Lot Size: 0.52 Acres / 22651.2 Sq. Ft.
Lot Dimensions: 169x136x170x136
Lot Description: Irregular Lot, Tree Coverage - Medium
Lake Waterfront: Creek/Stream
Garage: Attached Garage, Garage Door Opener
Water: City Water/Connected
Sewer: City Sewer/Connected
Road Frontage: City
Fencing: Chain Link
Zoning: Residential-Single
Directions: County Road 24 SW of Highway 55 (Rockford turns to 24 when you cross 55) next left past 101 is Urbandale.
School District: Wayzata
County: Hennepin
Tax Amount: $5, 498.00
Tax Year: 2019
Annual Gross Expense: 2880.00
Total Annual Expenses: 8378
Annual Gross Income: 48000.00
Annual Trash Expense: 480
Annual Maintenance Expense: 350
Annual Insurance Expense: 1800
Annual Repair Expense: 250
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Listing Information Last Updated 3/30/2020
© Copyright 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
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Property Summary

3042 Urbandale Lane N
Plymouth, MN 55447

MLS®: 5292378

List Price: $545,000


MLS® 5292378: This property at 3042 Urbandale Lane N, Plymouth, MN 55447 is located in the Greentree Forest subdivision and is listed for $545,000. MLS® 5292378 has been on the market for 95 days.