For Sale: Lake City MLS# 6704643
Active
NEW!
$315,000
Multi-family: Duplex Up and Down
Built 1901
2,179 sqft • 0.22 acres
Lake City schools
MLS# 6704643
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Property Description
This beautifully updated duplex offers flexibility, charm, and strong rental potential�??all on a spacious 13, 125 sq ft lot. With over 2, 100 finished square feet, the property includes two well-appointed units:
The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1, 100 sq ft.
The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 ¾ bath, and approx. 1, 079 sq ft.
Extensive updates throughout include new spray-foam insulation, new garage roof (2023), upgraded plumbing (PEX), updated electrical in remodeled areas, new light and plumbing fixtures, fresh knockdown ceilings, and new carpet throughout. The home has also been legally converted to a duplex with proper permitting, including a new second bedroom addition on the main level and a block foundation added to most of the structure.
Exterior improvements include a new sidewalk, concrete patio, grading and topsoil restoration, and a newly seeded lawn (2024).
Income-producing and well-maintained, this home is currently operated as a successful vacation rental, with the option to sell furnished or unfurnished. It�??s an ideal opportunity for investors, house hackers, or owner-occupants looking for move-in ready comfort and income potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$315,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Lake City
Garage Spaces:
2
County:
Wabasha
Year Built:
1901
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55041
Subdivision Name:
Lake City
Interior
Finished Area:
2,179 ft2
Living Area:
2,179 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Crawl Space
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
572 ft2
Foundation Size:
1,124 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Gravel
Road Frontage:
City Street
Exterior Material:
- Vinyl Siding
- Wood Siding
Lot & Land
Acres:
0.22
Geolocation:
44.450772, -92.27023
Lot Dimensions:
105, 125, 105, 125
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Many Trees
Farm
Topography:
Sloped
Schools
School District:
813
District Phone:
651-345-2198
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$588
Annual Fuel Expense:
$890
Annual Insurance Expense:
$3,968
Annual Maintenance Expense:
None
Annual Gross Expense:
$8,483
Annual Trash Expense:
$817
Annual Water/Sewer Expense:
$580
Tenant Expenses:
Electricity, Gas, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,418
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,418
Income
Annual Gross Income:
$34,459
Units
Total Units:
2
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 Brick & Banister Real Estate.
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.