For Sale: Wyoming MLS# 6675031
Active Contingent
$649,000
Multi-family: Four Plex
Built 1983
3,684 sqft • 0.44 acres
Forest Lake schools
MLS# 6675031
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Property Description
Investment Opportunity in the heart of Wyoming! This well-maintained 4-plex is fully leased with excellent tenants who cover their own electric, cable, and internet. Just under 7% cap rate makes this a great option to add as an investment. Each unit features a spacious living room, dining area, kitchen, two bedrooms, and a bathroom. The lower-level units offer lookout windows, while the upper units have decks. Most windows have been replaced, and all tenants have access to a shared laundry room at no additional cost. A detached 5-car garage provides additional convenience. Prime location near restaurants, schools, library, biking/walking paths, and easy access to I-35. Donâ??t miss this fantastic investment opportunity!
Listing
Listing Status:
Active Contingent
Contingency:
Other
List Price:
$649,000
Price per sq ft:
$176
Property Type:
Multi-family
City:
Wyoming
Garage Spaces:
5
County:
Chisago
Year Built:
1983
State:
MN
Property Style:
Four Plex
Zip Code:
55092
Interior
Finished Area:
3,684 ft2
Living Area:
3,684 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
5
Garage Size:
1,000 ft2
Foundation Size:
1,842 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Detached
- Garage Door Opener
- Guest Parking
- Multiple Garages
- Parking Lot
Shared Amenities:
- Common Garden
- Laundry
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Metal Siding
- Vinyl Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.44
Geolocation:
45.3358866328, -92.9937020599
Lot Dimensions:
125 x 175 x 125 x 150
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Corner Lot
- Many Trees
Schools
School District:
831
District Phone:
651-982-8103
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$420
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,100
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,596
Annual Trash Expense:
$1,600
Annual Water/Sewer Expense:
$1,040
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,179
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,586
Income
Annual Gross Income:
$54,480
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Realty Executives Top Results.
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.