305 Main AVE, Bigfork, MN 56628 - MLS#6599932 - Chad Pederson

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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$110,000

Est. payment - /mo

3,400 SqFt

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UPDATED:

11/03/2024 02:03 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $32

Subdivision Fourth Add To Bigfork

MLS Listing ID 6599932

Year Built 1960

Annual Tax Amount $1,914

Tax Year 2024

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 60x92x62x109

Property Description

Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!

Location

State MN

County Itasca

Zoning Business/Commercial

Rooms

Basement Block

Interior

Heating Forced Air

Fireplace No

Exterior

Garage Asphalt

Roof Type Metal

Parking Type Asphalt

Building

Story One

Foundation 3400

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Brick/Stone

New Construction false

Schools

School District Grand Rapids

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Listed by Joseph Tome • GRAND PROPERTIES REAL ESTATE

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Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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