For Sale: Breckenridge MLS# 6658160
Active
$99,900
Multi-family: Four Plex
Built 1888
2,980 sqft • 0.2 acres
Breckenridge schools
MLS# 6658160
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Property Description
Investment opportunity knocks! This four-plex meets the 1% rule, making it a great addition to any portfolio. Each unit is a one-bedroom, one-bath, with a four-stall detached garage. Currently managed by a rental property management company, all utilities (except electric) are included in rent. Rents are currently below market, and the new owner could boost revenue by charging for garage parking and utilities. The basement offers shared storage and potential for coin laundry. Don’t miss this value-add opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$99,900
Price per sq ft:
$34
Property Type:
Multi-family
City:
Breckenridge
Garage Spaces:
4
County:
Wilkin
Year Built:
1888
State:
MN
Property Style:
Four Plex
Zip Code:
56520
Subdivision Name:
City Breckenridge
Interior
Finished Area:
2,980 ft2
Living Area:
2,980 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Concrete
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
810 ft2
Foundation Size:
1,300 ft2
Handicap Accessible:
None
Heating System:
Boiler
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Fiber Cement
Roof Details:
Asphalt
Rooms
Shared Rooms:
Sun Room
Lot & Land
Acres:
0.2
Geolocation:
46.26156, -96.588394
Lot Dimensions:
66 x 133
Schools
School District:
846
District Phone:
218-643-6822
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$360
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
$1,135
Annual Gross Expense:
$9,119
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$360
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,540
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,540
Income
Annual Gross Income:
$15,252
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Central MN Realty LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.