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$ 250,000
Est. payment | /mo
2,250 SqFt
$ 250,000
Est. payment | /mo
2,250 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $111
MLS Listing ID 1597443
Year Built 1884
Annual Tax Amount $3,528
Tax Year 2025
Property Description
Cash flowing triplex. Full occupancy, great location close to downtown. 2 BR's, 1 bath in the middle and upper unit. 1BR in the lower unit. Middle unit has a large pantry that is big enough for a 3rd bedroom. Water Heater was new in 2021. The upper unit has a deck off the back and the middle unit has a front porch. The lower unit has a front sitting area as well. Tenants pay electric. Up the hill a bit so some views of the lake and harbor area. Rents total $41,400 per year - Upper unit $1,200, Middle unit $1,300 and Lower unit is $950/month. Total 2024 expenses = $15,481. Don't miss this great investment opportunity or great for an owner occupant. Financials listed are for the current tenants moving forward. See supplements for previous years P/L - lots of deferred maintenance completed on the building in this owners tenure. 1 water heater for lower level unit and 1 for the middle and upper units. 1 forced air furnace and lower level unit has a supplemental source. No laundry on site. Unit 1 & 2 pay electric, unit 3 is on the house meter. Tenants handle snow removal. Owner handles lawn.
Location
State MN
County Out Of State
Zoning Residential-Multifamily
Rooms
Basement Finished, Partial, Walk Out/Outer Door, Stone
Interior
Interior Features Circuit Breakers, High Speed Internet
Heating Natural Gas
Cooling Wall A/C, Forced Air, Wall Furnace
Inclusions Included:Oven/Range, Included:Refrigerator
Equipment Range/Oven, Refrigerator
Exterior
Exterior Feature Vinyl
Building
Dwelling Type TriPlex
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Other
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