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$1,499,900

For Sale - Active
150 1st St, Excelsior, MN 55331
3 Beds
4 Baths
2,364 Square Feet
0.22 Acres Lot
Built in 1900
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jun 28, 2025 at 03:13AM

Investment Summary


Monthly Cash Flow
-$3,591
Cap Rate
2.8%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.1%

Property Description


0.22 Acres Lot
Built in 1900
For Sale - Active
1 Units

Don't miss the opportunity to own this gorgeous, fully remodeled 3-bedroom, 4-bathroom home, with new addition and bonus room, just one block from the beach and a short walk to downtown Excelsior! Nestled on a quaint, quiet street, the location couldn't be better. Experience a seamless open floor plan featuring cozy living room with gas fireplace, dining room, and a show-stopping kitchen. Your main floor also includes a home office with beautiful glass doors and a bedroom with an attached 3/4 bath. Step out onto your maintenance-free deck, surrounded by a fully fenced yard—perfect for entertaining family and friends. Your upper level boasts a private master suite complete with a spa-like bath and ample closet space. Enjoy your morning coffee or evening glass of wine on the upper deck. In addition you will find a full bath and a third bedroom that flows into a bonus living space or could be a fourth bedroom. Plenty of storage in lower level, 2-car detached garage, you won't want to miss this one! Make it yours today!

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Location


Property Details


Parking

  • Description: Detached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Composition/Composite
  • Roof Type: Gable

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2711723440022
  • Lot Size: 9583 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: (SF) Single Family
  • Year Built: 1900

Tax Information

  • Annual Tax: $15,049

Utilities

  • Heating: Forced Air

Location

  • County: Hennepin

Listing Details


Listed by:
Marissa Winegarden
eXp Realty
(218) 371-9266

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6729713
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$3,591
Cap Rate
2.8%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.1%

Purchase Details

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Purchase price:
$1,499,900
Amount financed:
-$1,199,920
Down payment:
$299,980
Closing costs:
$44,997
Rehab costs:
$0
Initial cash invested:
$344,977
Square feet:
2,364
Cost per square foot:
$634
Monthly rent per square foot:
$2.92

Financing Details

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Loan amount:
$1,199,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$7,098
Property tax:
$1,254
Insurance:
$483
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,835

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,900 $82,800
Vacancy loss: (6%)
6% -$414 -$4,968
Operating income:
$6,486 $77,832

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$1,254-$15,049
Insurance: (7%)
7%-$483-$5,796
Property management: (8%)
8%-$552-$6,624
Repairs & maintenance: (5%)
5%-$345-$4,140
Capital expenditures: (5%)
5%-$345-$4,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (43%)
43%-$2,979-$35,749

Cash Flow


Monthly Yearly
Net operating income:
$3,507 $42,084
Mortgage payments:
-$7,098 -$85,176
Cash flow:
$3,591 $43,092