Updated Today

$550,000

520 Ramsey StreetHastings, MN 55033

Type: Multi-Family

4 Units

Description

Outstanding investment opportunity in this brick 4-plex in Hastings. 2 - 2 bedroom units and 2 - 1 bedroom units. 2 of the units are 2 stories, making this a very unique and in-demand property. Additional income is available with the attached, oversized, heated 2 car garage. Off-street parking is also available on this property. Book your showing to see this fantastic cash-flowing property right away.

MLS ID: 6648043

Directions: From Highway 61, East on 6th St E, to Property on the Left.

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Property Details

Essential Details

MLS #: 6648043

Listing courtesy of: Pederson Realty Inc

Price: $550,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 4

Annual Gross Income: $54,600

Operating Expense: $10,011

Annual Gross Expense: $10,011

Annual Electric Expense: $1,920

Annual Fuel Expense: $1,056

Annual Insurance Expense: $5,639

Annual Annual Expense: $555

Annual Water/Sewer Expense: $840

Tenant Pays: Cable TV

Owner Pays: Electricity, Gas, Grounds Care, Repairs, Sewer, Snow Removal, Trash Collection

Parking Features: Attached Garage, Open

Garage SqFt: 700

Garage Spaces: 2

Building Details

Finished SqFt Total: 4,656

Finished Above Grade: 2,328

Finished Below Grade: 2,328

Fireplace: No

Construction Materials: Brick/Stone

AccessibilityFeatures: None

Roof: Asphalt, Pitched

Heating: Boiler

Electric: Circuit Breakers

Style: Quadruplex

Foundation Area: 2,328

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Lot Details

Complex/Dev/Sub Name: Town Of Hastings

Lot Dimensions: 140 x 66

School Information

District: Hastings

District Number: 200

District Phone: 651-480-7002

Community Information

County: Dakota

Survey Range: 17

Survey Section: 27

Survey Township: 115

Taxes

Tax Year: 2024

Tax Amount: $7,342

Assessment Pending: Unknown

Taxes w/Assessments: $7,342

This listing was last updated by Pederson Realty Inc on 1/14/2025 at 3:43 pm.

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 1/15/2025 8:45 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM 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 Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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