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5827 Winnetka Avenue N, New Hope, MN 55428

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For Sale

$640,000

6 beds • 3,734 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • $171.40
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 6760624

Courtesy Of Keller Williams Classic Realty Northwest

(763) 657-4444

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Heating System
    Forced Air
  • Lot Size
    0.3 Acres

Map and Directions

Directions to 5827 Winnetka Avenue N, New Hope, MN 55428

Home seller CENTURY 21 MarketLink Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 MarketLink Realty

(651) 894-1808
Learn More About Us

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Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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