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$260,000
Est. payment /mo
7 Beds
4 Baths
2,700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $96
Subdivision City Breckenridge
MLS Listing ID 7148781
Bedrooms 7
Year Built 1926
Annual Tax Amount $2,482
Tax Year 2026
Contingent None
Lot Size 5,880 Sqft
Lot Dimensions 44x133
Property Sub-Type Fourplex
Property Description
Excellent investment opportunity in Breckenridge! This multi-unit property offers established rental income along with additional value-add potential. The main unit features 4 bedrooms, 2 bathrooms and two living areas, while an additional 1-bedroom, 1-bath unit provides another source of rental income. Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements, updated bathrooms, heating improvements and more.
The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout. Much of the preliminary work has already been completed, including new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub and a built-in electric fireplace. Once completed, this space could provide an additional rental unit and increased income potential.
Numerous improvements have also been made throughout the property, including replacement of approximately 90% of the home's copper water lines, updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup. The roof and fascia were updated approximately 10 years ago.
With existing tenants, significant improvements already completed and an opportunity to increase rental income by finishing the lower level, this property offers an appealing combination of current cash flow and future upside. A great opportunity for an investor looking to expand their portfolio in Breckenridge!
The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout. Much of the preliminary work has already been completed, including new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub and a built-in electric fireplace. Once completed, this space could provide an additional rental unit and increased income potential.
Numerous improvements have also been made throughout the property, including replacement of approximately 90% of the home's copper water lines, updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup. The roof and fascia were updated approximately 10 years ago.
With existing tenants, significant improvements already completed and an opportunity to increase rental income by finishing the lower level, this property offers an appealing combination of current cash flow and future upside. A great opportunity for an investor looking to expand their portfolio in Breckenridge!
Location
State MN
County Wilkin
Zoning Residential-Multi-Family
Rooms
Basement Unfinished
Interior
Heating Boiler
Fireplace No
Building
Story Two
Foundation 1551
Sewer City Sewer/Connected
Water City Water - In Street
Level or Stories Two
New Construction false
Schools
School District Breckenridge
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Listed by Derek Brandenburg • eXp Realty (3788 FGO)
NEARBY SCHOOL & BUSINESS
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