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Active NEW!
$749,900
/mo Edit
Multi-family:  Duplex Side by Side
Built 1917
2,104 sqft • 0.06 acres
Lake City schools
MLS# 6729350
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    Property Description

    Rare investor opportunity! Don't miss your chance to own this exceptional duplex featuring breathtaking, unobstructed views of Lake Pepin. Perfectly positioned and well-maintained, this property offers outstanding flexibility-live in one unit and rent the other, generate income through short-term rentals, or add a solid asset to your investment portfolio. Each unit is designed to maximize natural light and lake views, with expansive patio doors that open onto patio...ideal for relaxing and soaking in the stunning scenery. Walking distance to the river walk, downtown shopping, dining, beach and marina. Whether you're looking for a scenic retreat with income potential or a smart investment in a sought-after location, this duplex offers the best of both worlds-value and beauty with a view.

    Listing

    Contingency: None
    Price per sq ft: $356
    City: Lake City
    County: Wabasha
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55041
    Subdivision Name: Lake City

    Interior

    Living Area: 2,104 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Block
    • Partial

    Exterior

    Stories: Modified Two Story
    Garage Spaces: 2
    Garage Dimensions: 20x19
    Garage Size: 380 ft2
    Foundation Size: 1,209 ft2
    Fencing: Composite
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Shared Amenities: None
    Road Frontage: City Street
    Exterior Material: Aluminum Siding
    Roof Details: Age Over 8 Years

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Pepin
    Waterfront View: Lake, Panoramic
    DNR Lake ID#: 25000100
    Waterfront Slope: Level
    Lake Chain Name: N
    Lake Acres: 25215
    Lake Depth: 60
    Waterfront: Lake View

    Lot & Land

    Acres: 0.06
    Geolocation: 44.452572, -92.269464
    Lot Dimensions: 60 x 82 x 60 x 82

    Schools

    School District: 813
    District Phone: 651-345-2198

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $432
    Annual Insurance Expense: $2,244
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: $324
    Annual Water/Sewer Expense: $1,680
    Tenant Expenses: All Utilities, Electricity, Fuel, Gas, Taxes, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,992
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $4,992

    Income

    Annual Gross Income: $10,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: 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 Lakes Sotheby's International Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.