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$299,900

Sale Pending
12015 90th Ave N, Maple Grove, MN 55369
3 Beds
2 Baths
1,524 Square Feet
0.15 Acres Lot
Built in 1985
Sale Pending
1 Units
Checked: 1 hour ago
Updated: Sep 03, 2025 at 10:14AM

Investment Summary


Monthly Cash Flow
$16
Cap Rate
5.7%
Cash-on-Cash Return
0.3%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.3%

Property Description


0.15 Acres Lot
Built in 1985
Sale Pending
1 Units

A True Gem in the Crown of Maple Grove - Twin Home Living at Its Best! Step into the perfect blend of comfort, style, and location with this thoughtfully UPDATED split-level Twin Home, perfectly located in Maple Grove's quiet zone. Across from a gorgeous park. NO HOA fees here at all! Set in a quiet and welcoming neighborhood, this home offers a lifestyle that's as relaxed as it is refined. The lush, landscaped backyard is a private sanctuary, complete with a charming apple tree, garden shed, and a spacious 26' x 8' deck-ideal for morning coffee, weekend barbecues or peaceful evenings under the stars. Just across the street, Scott Jonquil Park provides scenic views, open green space, walking trails, and year-round recreation right at your doorstep. Inside, you're greeted by a soaring two-story foyer that sets the tone for the warm and stylish interior. This almost turn-key home showcases thoughtful upgrades throughout-from new flooring to modern light fixtures and a fresh, cohesive color palette that delivers a clean and contemporary feel. Check out these updates...Furnace (2018), A/C (2020), Water Heater (2018), Softener (2011), 90% of windows replaced (2014), range (2021), fridge (2024), engineered bamboo hardwood flooring (2016), insulated garage door (2010), washer and dryer (2019)-just too many to list. Furthermore: hardware, lighting, paint... it's immaculate! The refreshed kitchen features updated cabinetry, a trendy backsplash, and stainless steel appliances, flowing seamlessly into the open-concept living and dining area. Whether you're entertaining guests or enjoying quiet nights in, this layout is designed for both function and comfort. Upstairs, you'll find two generously sized bedrooms (primary with a real walk in closet!), both with direct park views, and close by a beautifully updated full bath that exudes spa-like serenity. On the lower level, a versatile third bedroom, currently used as a salon, offers endless potential-create your ideal home office, gym, studio, or guest suite to match your needs. The seller will even help you bring your vision to life! Oversized vinyl windows throughout flood the home with natural light, while the timeless hardwood flooring brings warmth and character to every space. Every detail-from the fixtures to the finishes-has been curated to create a welcoming, move-in-ready home. This isn't just a house-it's a place that instantly feels like home. Whether you're a first-time buyer, downsizing, or simply seeking a peaceful, well-located property, this one checks all the boxes.

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Location


Property Details


Parking

  • Description: Attached Garage, Asphalt, Garage Door Opener
  • Details: Garage Door Opener, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • Basement: Yes

Exterior Features

  • Exterior Walls Materials: Metal
  • Roof Type: Gable
  • Roof Material: Asphalt, Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Zero Lot Line

Lot Information

  • Parcel ID: 1411922240104
  • Lot Size: 6534 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Twin Home
  • Year Built: 1985

Tax Information

  • Annual Tax: $3,480

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Central Air

Location

  • County: Hennepin

Listing Details


Listed by:
Kieran Houlahan
RE/MAX Advantage Plus
(612) 323-7420

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6773660
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
$16
Cap Rate
5.7%
Cash-on-Cash Return
0.3%
Debt Coverage Ratio
1.01
Internal Rate of Return (5 years)
4.3%

Purchase Details

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Purchase price:
$299,900
Amount financed:
-$239,920
Down payment:
$59,980
Closing costs:
$8,997
Rehab costs:
$0
Initial cash invested:
$68,977
Square feet:
1,524
Cost per square foot:
$197
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$239,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,419
Property tax:
$290
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,884

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$290-$3,480
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$915-$10,980

Cash Flow


Monthly Yearly
Net operating income:
$1,435 $17,220
Mortgage payments:
-$1,419 -$17,028
Cash flow:
$16 $192