For Sale: Lake City MLS# 7084884
Active
$385,000
Multi-family: Duplex Up and Down
4 br • 3 ba • Built 1921
2,612 sqft • 0.112 acres
Lake City schools
MLS# 7084884
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Property Description
Discover this corner lot duplex that has been cherished by the same owner for the past 40 years. Located just a few blocks from the serene lakefront and the bustling downtown area. This property presents a rare opportunity for those looking for a home with potential in a prime location.
Set up as a duplex, this residence offers flexibility for buyers. It has 4 bedrooms and 2.5 bathrooms. You can continue to utilize it as a multi-family investment or easily convert it into a spacious single-family home to suit your lifestyle. With generous square footage, both units feature comfortable living spaces, sizable bedrooms, and lots of natural light. The four car garage offers ample storage space.
This property is a solid structure waiting for your creative vision to make it your own. The backyard invites outdoor enjoyment and provides plenty of space for gardening or entertaining. Embrace the chance to design your own oasis in a location that is both tranquil and convenient.
Don't miss out on this opportunity to own a piece of property in Lake City that holds a rich history and is ready for a new chapter!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$385,000
Price per sq ft:
$147
Property Type:
Multi-family
City:
Lake City
Garage Spaces:
4
County:
Wabasha
Year Built:
1921
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55041
Subdivision Name:
Lake City
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,612 ft2
Living Area:
2,612 ft2
Refrigerators:
One
Basement Details:
- Full
- Partially Finished
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
24x36
Garage Size:
864 ft2
Garage Door Height:
7
Garage Door Width:
24
Foundation Size:
1,056 ft2
Foundation Dimensions:
1056
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Carport
- Concrete
- Detached Garage
- Garage Door Opener
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Laundry:
- Electric Dryer Hookup
- Washer Hookup
Lake & Waterfront
Waterfront Present:
N
Waterfront View:
River
Lot & Land
Acres:
0.112
Geolocation:
44.452304, -92.270385
Lot Dimensions:
82' x 60'
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
813
District Phone:
6513452198
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,800
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,800
Income
Annual Gross Income:
None
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
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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 Raven Realty.
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.