For Sale: Pine River MLS# 6697392
Active
$349,900
Multi-family: Four Plex
Built 1972
2,508 sqft • 1.4 acres
Pine River-Backus schools
MLS# 6697392
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Property Description
Instant cash producer. Multiple options for this fantastic property. For both investors seeking high cash flow or a multigenerational family wanting to live close but with independent space for each member. Think of the convenience of an estate that pays for itself. Doing as the current owner does, living comfortably in the four-bedroom, two-bathroom home while tenants pay the mortgage. Or renting out the whole four units to maximize profits. Seller currently uses two of the four units personally. High rental demand in the area ensures consistent occupancy. Great location close to the school, restaurants, and more. Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$140
Property Type:
Multi-family
City:
Pine River
Garage Spaces:
2
County:
Cass
Year Built:
1972
State:
MN
Property Style:
Four Plex
Zip Code:
56474
Interior
Finished Area:
2,508 ft2
Living Area:
2,508 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x22
Garage Size:
528 ft2
Foundation Size:
924 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Asphalt
- Attached Garage
Road Frontage:
City Street
Exterior Material:
Fiber Cement
Roof Details:
Asphalt
Lot & Land
Acres:
1.4
Geolocation:
46.7257297065, -94.404938207
Lot Dimensions:
Irr x 326 x 200 x 270
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
2174
District Phone:
218-587-4720
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
None
Annual Gross Expense:
$3,816
Annual Trash Expense:
$420
Annual Water/Sewer Expense:
$1,596
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,214
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,280
Income
Annual Gross Income:
$16,800
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of eXp Realty.
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.