For Sale: Maple Lake MLS# 6572277
Active
$325,000
Multi-family: Other
Built 1910
2,428 sqft • 0.17 acres
Maple Lake schools
MLS# 6572277
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Unlock a prime investment opportunity with this versatile four-plex featuring a commercial storefront, all offered by a motivated landlord ready for a new chapter. This property combines residential and commercial potential, providing a unique opportunity for savvy investors or entrepreneurial homeowners. Looking for additional revenue income you can wall off the commercial space into two separate units to maximize rental return.
The building includes:
Two Renovated Residential Units: Modern upgrades ensure these units are move-in ready, offering immediate appeal to renters. One lower level unit with tenant in place.
Commercial Storefront: Perfect for a business venture or additional rental income, the storefront provides flexibility and visibility in a vibrant area.
Below-Market Rents: Current rental rates are under market value, presenting an immediate chance for increased equity and cash flow.
This property is not just a real estate investment???it's a chance to capitalize on below-market rents and a prime location. Whether you're looking to expand your portfolio or find a new business location, this four-plex offers the potential for significant returns. Act now to seize this opportunity and transform it into a profitable venture!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Price per sq ft:
$134
Property Type:
Multi-family
City:
Maple Lake
Garage Spaces:
0
County:
Wright
Year Built:
1910
State:
MN
Property Style:
Other
Zip Code:
55358
Subdivision Name:
Original Maple Lake
Interior
Finished Area:
2,428 ft2
Living Area:
2,428 ft2
Basement Details:
- Crawl Space
- Partial
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Foundation Size:
1,324 ft2
Handicap Accessible:
None
Heating System:
Boiler
Exterior Material:
- Brick/Stone
- Vinyl Siding
Lot & Land
Acres:
0.17
Geolocation:
45.229121, -94.003836
Lot Dimensions:
150 x 50 x 150 x 50
Schools
School District:
881
District Phone:
320-963-3171
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$2,731
Annual Insurance Expense:
$2,785
Annual Maintenance Expense:
$18,456
Annual Gross Expense:
$22,293
Annual Trash Expense:
$120
Annual Water/Sewer Expense:
$536
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,988
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,988
Income
Annual Gross Income:
$28,489
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Realty Group LLC.
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.