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For Sale:  Park Rapids MLS# 7115016

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Active
$239,900
/mo Edit
Multi-family:  Duplex Up and Down
6 br • 2 ba • Built 1901
2,888 sqft • 0.42 acres
Park Rapids schools
MLS# 7115016
763-576-8286
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    Property Description

    Fantastic investment opportunity! This large duplex is located at 400 Riverside Avenue in Park Rapids. Neck deck installed on the back of the upper unit overlooking the river and the hydro dam. Wonderful location with 2 extra large rental units with separate entrances. Also includes a detached garage for use of each tenant. Great long term potential for a new landlord to take ownership.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $239,900
    Price per sq ft: $83
    Property Type: Multi-family
    City: Park Rapids
    Garage Spaces: 2
    County: Hubbard
    Year Built: 1901
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56470

    Interior

    Bedrooms: 6
    Bathrooms: 2
    Finished Area: 2,888 ft2
    Living Area: 2,888 ft2
    Refrigerators: One Per Unit, Two
    Basement Details:
    • Other
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 24 x 24
    Garage Size: 576 ft2
    Garage Door Height: 7
    Garage Door Width: 9
    Foundation Size: 2,112 ft2
    Foundation Dimensions: 44 x 48
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Concrete
    • Detached Garage
    • Driveway - Other Surface
    • Paved Lot
    Road Frontage:
    • City Street
    • Paved Streets
    • Sidewalks
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Rooms

    Laundry: In Unit

    Lake & Waterfront

    Waterfront Present: N
    Waterfront View: East
    Waterfront: River View

    Lot & Land

    Acres: 0.42
    Geolocation: 46.918822, -95.053356
    Lot Dimensions: 155 x 132 x 155 x 139
    Zoning: Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 309
    District Phone: 2182376500

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,146
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,680
    Tenant Expenses: Electricity, Heat

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,276
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $5,426

    Income

    Annual Gross Income: $26,400

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Keller Williams Realty Professionals.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.