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Pending
$435,000
/mo   Edit
MLS# 5690372
Multi-family
Built 1966
3,985 fin sqft
Stillwater schools
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    Description:   Act Quickly on this Landland MN 4 Unit - investment opportunity! Property is fully occupied/up and running & easy to manage. One 3 Bedroom 2 Bath unit with a two car garage. One 2 Bedroom 1 Bath Unit with a one car garage. Two 1 Bedroom 1 Bath Units - located on the lower level, each with one car garage. This clean and updated the property offers two coin opp laundry areas, newer roof, most newer windows, two newer furnaces, two newer water heaters, newer concrete aprons, a large yard, and plenty of storage space with a bonus room above one of the garages.
    List Price: $435,000
    Price/sq ft: $109
    Property Type: Multi-family
    Listing Status: Pending
    Contingency: None
    Property Style: Four Plex
    Year Built: 1966
    City: Lakeland
    County: Washington
    State: MN
    Zip Code: 55043

    Interior

    Fin Sq Ft / Living Area: 3,985 ft²
    Above Ground Living: 2,285 ft²
    Below Ground Living: 1,700 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Full, Finished, Egress Window(s)

    Exterior

    Heating System: Forced Air
    Foundation Size: 1,750 ft²
    Shared Amenities: Coin-op Laundry Owned
    Fencing: Wire
    Road Frontage: City Street, Paved Streets
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Stucco
    Garage Spaces: 5
    Roof Details: Asphalt, Pitched, Age 8 Years or Less

    Lot

    Acres: 0.5
    Latitude: 44.94453421
    Longitude: -92.77271185
    Lot Size Dim.: 125x173
    Dev/Complex Name: Hobbytown Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 834
    District Phone: 651-351-8301

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,695
    Annual Fuel Expense: $1,250
    Annual Insurance Expense: $1,338
    Annual Maintenance Expense: None
    Annual Gross Expense: $9,373
    Annual Trash Expense: $574
    Annual Water/Sewer Expense: $360

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $3,153
    Assessment Pending: No
    Taxes w/ Assessments: $3,156

    Income

    Annual Gross Income: $43,200

    Rent

    Unit 1 Monthly Rent: $1,200
    Unit 2 Monthly Rent: $1,000
    Unit 4 Monthly Rent: $700

    Unit

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: Private Sewer
    Water System: City Water/Connected

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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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