$450,000
Thief River Falls, MN 56701
MLS# 6555827
1 / 12
Property Description
10 plex apartment building for sale. (1) 2 bedroom and (9) 1 bedroom, all with 1 full bath. No vacancies. Currently offered at a 10% cap rate.
Details
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $450,000
Contingency: None
ListPrice: 450000
List Date: 2024-06-18
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4328
For Sale or Lease: For Sale
Lot Dimensions: 200X219
Location Tax and Other Information
House Number: 15244
Street Name: Douglas
Street Suffix: Avenue
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Complex/Dev/Subdivision: Aasebys Second Sub
Assessments
Tax With Assessments: 1585
Building Information
Building Finished SqFt: 3936
Building SqFt: 4328
Income and Expenses
Annual Electric Expense: 9657
Annual Fuel Expense: 1919.4
Annual Gross Expenses: 25919.85
Annual Gross Income: 82800
Annual Insurance Expense: 7410.54
Annual Maintenance Expense: 1371.47
Annual Net Income: 56880.15
Annual Trash Expense: 1837.44
Annual Water/Sewer Expense: 2000
Total Annual Expenses: 25919.85
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land
Unit 1
No. of 1 Bedroom Units: 9
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 10
Property Features
Accessible: None
Air Conditioning: None
Amenities Shared: None
Appliances: Electric Water Heater; Range; Refrigerator
Basement: Crawl Space
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Fiber Board; Vinyl
Fencing: None
Fuel: Electric
Heating: Baseboard
Lot Description: Additional Land Available
On Site Utilities: Electric Separate
Owner Pays: Insurance; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Driveway - Gravel
Pool Description: None
Road Frontage: Township
Road Responsibility: Public Maintained Road
Roof: Architectural Shingle
Sewer: Mound Septic
Stories: One
Tenant Pays: None
Topography: Level
Water: Drilled; Shared System; Well
Listing Office: Better Homes and Gardens Real Estate First Choice
Last Updated: August - 31 - 2024
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.