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$160,000
Est. payment /mo
5 Beds
4 Baths
2,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $72
Subdivision Biwabik
MLS Listing ID 7143364
Bedrooms 5
Year Built 1920
Annual Tax Amount $3,148
Tax Year 2026
Contingent None
Lot Size 6,229 Sqft
Lot Dimensions 50x125
Property Sub-Type Fourplex
Property Description
Whether you want to increase your portfolio or have a live-in house hack. This property is perfect for your next cash-flowing investment. Currently used as a long-term rental but can be used as a short-term rental, this four-unit property has a mix of 2 two-bedrooms (both leased currently $1000 and $900/month), a one-bedroom ($835/month vacant), and one efficiency apartments ($750/month vacant). Current tenants are on month-to-month or soon-to-be-expiring leases. Three new water heaters in the last three years. The furnace has also been updated to natural gas. The electrical service has been updated to all breakers and potential laundry room wiring has been run already. Metal roof and blown-in insulation in the attic make this fairly easy to heat. All the utilities and heat are included in the tenants' rent.
Location
State MN
County St. Louis
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air, Space Heater
Fireplace No
Exterior
Roof Type Metal
Building
Story Two
Foundation 1100
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Post and Beam
New Construction false
Schools
School District Mesabi East
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Listed by Joseph Tome • GRAND PROPERTIES REAL ESTATE
NEARBY SCHOOL & BUSINESS
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