Request More Info
Schedule a Showing
Share
Print
According to the listing agent, this listing is a bank owned (foreclosed) property. |
Fantastic 4-Plex Investment Opportunity! This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants. Property Highlights: "¢ Solid investment with established tenants and consistent rental history "¢ Roof less than 10 years old, cedar siding, and newer landscaping "¢ Ample off-street parking, two decks, and attractive curb appeal "¢ Located in a revitalized neighborhood with continued growth potential Financials: "¢ Estimated Rental Income: $2,325/month ($27,900/year) "¢ Estimated Expenses: $925/month ($11,100/year) "¢ Net Income Potential: $1,400/month ($16,800/year) Current Units & Tenants: "¢ Apt 1: $475/month - Upstairs Efficiency - 13-year tenant "¢ Apt 2: $575/month - Upstairs 1 Bed/1 Bath - 1-year tenant "¢ Apt 3: $575/month - Main 1 Bed/1 Bath - 4-year tenant "¢ Apt 4: $700/month - Main 1 Bed/1 Bath - currently owner-occupied Apartment Features: "¢ All units include window A/C and appliances "¢ Utilities (electric, gas, water, garbage, satellite) included in rent "¢ Basement with sump pump, water heater, and furnace Owner's Apartment (Apt 4): Beautifully updated 1 bed/1 bath unit featuring: "¢ Kitchen with pantry, stainless steel fridge, range, and dishwasher "¢ Stackable washer/dryer hookups "¢ Enclosed dog door with access to large outdoor kennel "¢ Spacious dining & living areas, full bath with tub/shower "¢ Gorgeous original woodwork, front & back entrances, and private deck "¢ A must-see home full of character! Additional Details: "¢ Buyer to pay closing costs Don't miss this opportunity to own a strong income-producing property with long-term stability and the option for owner occupancy.
Property Type(s):
Multi Family
| Tract | Morins Add | Year Built | 1915 |
|---|---|---|---|
| County | Freeborn |
Additional Details
| BASEMENT | Block, Storage Space, Sump Pump, Unfinished, Walk-Out Access, Yes |
|---|---|
| CONSTRUCTION | Cedar |
| HEAT | Forced Air, Natural Gas |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50x120 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Morins Add |
| TAXES | 2407 |
| WATER | Public |
Listed with LandProz Real Estate, LLC
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. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.
Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2025.
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Michael Steichen to contact you even if your name is on a Federal or State "Do not call List". | |
Twitter
Facebook
Email