5827 Winnetka Avenue N, New Hope, MN 55428
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
5827 Winnetka Avenue N,New Hope, MN 55428
$640,000
- - Beds
- - Baths
- 3,734 sq. ft.
- Multi-family
- Active
Listed by:samuel moses
Office:keller williams classic rlty nw
MLS#:6760624
Source:NSMLS
Price summary
- Price:$640,000
- Price per sq. ft.:$189.91
About this home
Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you're an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today's lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.
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Home facts
- Year built:1971
- Listing Id #:6760624
- Added:21 day(s) ago
- Updated:July 26, 2025 at 03:24 AM
Rooms and interior
- Living area:3,734 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Age Over 8 Years
- Year built:1971
- Building area:3,734 sq. ft.
- Lot area:0.3 Acres
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$640,000
- Price per sq. ft.:$189.91
- Tax amount:$8,126 (2024)
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