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(612) 584-1345
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Twin Cities Multifamily
YOUR MULTIFAMILY INVESTMENT GUIDE
  • Home
  • Buy
    • Featured Listings
    • Preferred Buyer’s List
  • Sell
    • What our buyers are looking for
    • Maximizing Your Property Value
    • Calculate Your Property Value
  • Market Highlights
  • About
    • Meet The Team
    • Testimonials
    • Blog
    • Contact
    • Email Newsletter
    • Preferred Vendors
Twin Cities Multifamily
YOUR MULTIFAMILY INVESTMENT GUIDE

5745 Sander Dr Financials

 

Unit

Beds

Baths

Current

Expiration

Market

1 1 1 $935 Month To Month $930 - $1,076
2 2 1 $1,030 Month To Month  

$1,273 - $1,427

3 2 1 $990 Month To Month  

$1,273 - $1,427

4 2 1 $1,030* Month To Month  

$1,273 - $1,427

Total 7 4 $3,985 $4,749 - $5,357

*Unit 4 is currently vacant but would easily rent for $1,030 +

Laundry machines are owned and bring in an additional $1,500 - $2,500 per year. Loads are $2.25 each

Expenses

Annually

Monthly

Notes

Taxes $5,511 $459

based on 2021 assessed value is $324,500

2022 assessed value is $395,100

Insurance $2,562 $214
Rental License $180 $15 Tier 1 License - Fee is paid annually.
Utilities: Gas $1,751 $146 1 Boiler Heater for building
Utilities: Electricity $446 $37

Common area lights and laundry machines.

Tenants pay their own electricity bill for lights and stove

Utilities: Water / Trash $3,442 $287 City of Minneapolis
Property Management $1,927 $161 Property Is Currently Self-managed
Leasing / Advertising $504 $42 Property Is Currently Self-managed
Maintenance & Turnover $9,707 $809 Actual expenses will vary based on management style and building needs.
Total $26,030 $2,170

  Information is deemed reliable but not guaranteed.  Buyer and Buyer's agent to verify all details.  

Click here to view property photos, video, floor plan and virtual tour.

Office

1st Select
2400 County Road D West, Suite 150RosevilleMN 55112US
(612) 584-1345

Resources

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