For Sale: Breckenridge MLS# 7148781
Active
NEW!
$260,000
Multi-family: Fourplex
7 br • 4 ba • Built 1926
2,700 sqft • 0.135 acres
Breckenridge schools
MLS# 7148781
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Property Description
Excellent investment opportunity in Breckenridge! This multi-unit property offers established rental income along with additional value-add potential. The main unit features 4 bedrooms, 2 bathrooms and two living areas, while an additional 1-bedroom, 1-bath unit provides another source of rental income. Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements, updated bathrooms, heating improvements and more.
The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout. Much of the preliminary work has already been completed, including new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub and a built-in electric fireplace. Once completed, this space could provide an additional rental unit and increased income potential.
Numerous improvements have also been made throughout the property, including replacement of approximately 90% of the home's copper water lines, updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup. The roof and fascia were updated approximately 10 years ago.
With existing tenants, significant improvements already completed and an opportunity to increase rental income by finishing the lower level, this property offers an appealing combination of current cash flow and future upside. A great opportunity for an investor looking to expand their portfolio in Breckenridge!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$260,000
Price per sq ft:
$96
Property Type:
Multi-family
City:
Breckenridge
Garage Spaces:
0
County:
Wilkin
Year Built:
1926
State:
MN
Property Style:
Fourplex
Zip Code:
56520
Subdivision Name:
City Breckenridge
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
2,700 ft2
Living Area:
2,700 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,551 ft2
Handicap Accessible:
None
Heating System:
Boiler
Shared Amenities:
Laundry
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.135
Geolocation:
46.265631, -96.578954
Lot Dimensions:
44 x 133
Zoning:
Residential-Multi-Family
Schools
School District:
846
District Phone:
2186436822
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,164
Annual Fuel Expense:
$2,400
Annual Insurance Expense:
$2,520
Annual Maintenance Expense:
None
Annual Trash Expense:
$396
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Fuel, Heat, Sewer, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,482
Lender-owned:
Not Disclosed
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,482
Income
Annual Gross Income:
$28,500
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water - In Street
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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 eXp Realty (3788 FGO).
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.