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Active NEW!
$329,900
/mo Edit
Multi-family:  Four Plex
Built 1930
2,791 sqft • 0.54 acres
Brainerd schools
MLS# 6603407
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    Property Description

    Great opportunity and first time on market in decades! Well maintained 4-plex with all apartments on the main level and garage plus potential business space on lower street level. Includes 3 one bedroom apartments and the 4th is an efficiency apartment with lots of off-street parking for all tenants. Two of the apartments have new paint and new flooring. Three of the apartments share a nicely landscaped area that is partially fenced to help provide privacy from the road. 4th apartment includes washer/dryer and it's own fenced in yard with deck. Half of the lower level has a large area with approx. 825 sq. ft. finished that includes a laundry area for the tenants but could be used as office space. The other half of the lower level is insulated/heated with approx. 1, 104 sq. ft. featuring a garage door, storage space, work area, mechanical area and asphalt parking lot off busy public road. Newer updated electric, new windows in 2011, new boiler/water heaters in 2012 and a rubber roof. Each apartment is different in size and layout so schedule your showing today!

    Listing

    Contingency: None
    Price per sq ft: $118
    City: Brainerd
    County: Crow Wing
    State: MN
    Property Style: Four Plex
    Zip Code: 56401
    Subdivision Name: Hollands Second Add The City Of

    Interior

    Living Area: 2,791 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Other
    • Owner Access
    • Partially Finished
    • Shared Access
    • Storage Space
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 23x48
    Garage Size: 1,104 ft2
    Foundation Size: 2,208 ft2
    Foundation Dimensions: 46x48
    Fencing: Partial, Privacy, Wood
    Handicap Accessible: No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Zoned
    Parking Features:
    • Gravel
    • Heated Garage
    • Insulated Garage
    • Open
    • Shared Driveway
    • Tuckunder Garage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Exterior Material: Stucco
    Roof Details:
    • Age Over 8 Years
    • Rubber

    Lot & Land

    Acres: 0.54
    Geolocation: 46.352236, -94.173167
    Lot Dimensions: 180 x 130
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 181
    District Phone: 218-454-6900

    Expenses

    Annual Fuel Expense: $1,965
    Annual Insurance Expense: $2,902
    Annual Gross Expense: $9,532
    Annual Trash Expense: $1,042
    Annual Water/Sewer Expense: $3,623
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,626
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $3,626

    Income

    Annual Gross Income: $32,400

    Units

    Total Units: 4

    Miscellaneous

    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Century 21 Brainerd Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.