This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
MLS ID: 6608265
Directions: Hwy 61 to Broadway Ave; WEST to 4th St NW; NORTH to duplex
MLS #: 6608265
Listing courtesy of: Elite Realty Minnesota
Price: $339,900
Type: Multi-Family
Contingency: None
Foreclosure: No
Zoning: Residential-Multi-Family
Total Units: 2
Annual Gross Income: $33,985
Operating Expense: $15,259
Annual Gross Expense: $15,259
Annual Electric Expense: $4,500
Annual Fuel Expense: $300
Annual Insurance Expense: $2,529
Annual Maintenance Expense: $3,144
Annual Other Expense: $3,144
Annual Annual Expense: $467
Annual Water/Sewer Expense: $1,175
Tenant Pays: Cable TV, Electricity, Grounds Care, Trash Collection
Owner Pays: Insurance, Repairs, Sewer, Trash Collection
Parking Features: Attached Garage, Concrete
Garage Dimensions: 24x26
Garage Door Height: 7
Garage SqFt: 624
Garage Spaces: 2
Owner Occupied: No
Finished SqFt Total: 1,900
Finished Above Grade: 1,900
Fireplace: No
Construction Materials: Vinyl Siding, Wood Siding
AccessibilityFeatures: None
Roof: Asphalt, Pitched
Heating: Forced Air
Style: Duplex Up and Down
Foundation Area: 1,350
Sewer: City Sewer/Connected
Water Source: City Water/Connected
Present Use: Yearly
Number of Ranges: Two
Number of Refrigerators: Two
Complex/Dev/Sub Name: Houles Jw Add
Lot Dimensions: 50x150
Road Frontage: City Street
District: Forest Lake
District Number: 831
District Phone: 651-982-8103
County: Washington
Survey Range: 21
Survey Section: 8
Survey Township: 32
Tax Year: 2024
Tax Amount: $2,856
Assessment Pending: No
Taxes w/Assessments: $2,856
This listing was last updated by Elite Realty Minnesota on 11/26/2024 at 10:51 am.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 12/4/2024 2:45 am.
Copyright 2024 Regional Multiple Listing Service of Minnesota, Inc.
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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