For Sale: North Branch MLS# 7140649
Active
$800,000
Multi-family: Fourplex
9 br • 6 ba • Built 1982
3,164 sqft • 0.706 acres
North Branch schools
MLS# 7140649
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Property Description
Looking for your next investment?? This property is it! 4 rented out town homes in North Branch MN. Each unit has it's own garage for tenants plus each unit is fenced in for privacy. The tenants have been renting here for many years and are reliable. This property offers solid rental income with multiple clean, functional units featuring practical layouts and good natural light. All the tenants have passed background checks and do not cause issues. They all have year leases and with Off street parking, mature trees, and usable yard space add convenience and curb appeal. A strong investment opportunity in a desirable location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$800,000
Price per sq ft:
$253
Property Type:
Multi-family
City:
North Branch
Garage Spaces:
4
County:
Chisago
Year Built:
1982
State:
MN
Property Style:
Fourplex
Zip Code:
55056
Interior
Bedrooms:
9
Bathrooms:
6
Finished Area:
3,164 ft2
Living Area:
3,164 ft2
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
120 ft2
Foundation Size:
3,164 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached Garage
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.706
Geolocation:
45.5167445771, -92.9702684963
Lot Dimensions:
244 x 225
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
138
District Phone:
6516741000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,800
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,800
Annual Water/Sewer Expense:
$820
Tenant Expenses:
Electricity, Gas, Heat, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,000
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,000
Income
Annual Gross Income:
$56,400
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
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 Edina Realty, Inc..
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.