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Active NEW!
$89,900
/mo Edit
Multi-family:  Four Plex
Built 1967
400 sqft • 0.22 acres
Greenway schools
MLS# 6747467
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    Property Description

    Multi unit income producing property. Three of the units have long term tenants and rent for $575 a month. These are independant units and each have one bedroom a full or ¾ bath, wall A/C units, vinyl siding and updated windows. The 4th unit is a 2 bedroom 1 ½ bath with large roomy kitchen and living room rents for $650 a month All units have off street parking and shared grounds.

    Listing

    Contingency: None
    Price per sq ft: $225
    City: Bovey
    County: Itasca
    State: MN
    Property Style: Four Plex
    Zip Code: 55709
    Subdivision Name: Bovey

    Interior

    Living Area: 400 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 400 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Space Heater
    Parking Features: Driveway - Other Surface
    Shared Amenities: Other
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.22
    Geolocation: 47.295906, -93.419837
    Lot Dimensions: 75 x 125
    Zoning: Other
    Lot Description: Cleared

    Farm

    Topography: Level

    Schools

    School District: 316
    District Phone: 218-247-7306

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $3,500
    Annual Fuel Expense: $2,000
    Annual Insurance Expense: $1,544
    Annual Maintenance Expense: $1,375
    Annual Gross Expense: $13,774
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,383
    Tenant Expenses: Cable TV

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $842
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $1,488

    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/Connected

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    Listing provided by RMLS, courtesy of MOVE IT REAL ESTATE GROUP/LAKEHOMES.COM.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.