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For Sale:  Bovey MLS# 7130322

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Active NEW!
$190,000
/mo Edit
Multi-family:  Duplex Up and Down
4 br • 2 ba • Built 1989
1,620 sqft • 0.27 acres
Greenway schools
MLS# 7130322
763-576-8286
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    Property Description

    Whether you're owner-occupying or buying an investment property, this is a unique opportunity that only comes around once in a while. This cash-flowing duplex is set on three city lots and has a massive three-stall garage for storage or more income potential! There are two units: Upstairs is a two-bedroom, one-bath with a big kitchen and a shared living room/dining area. The main floor is two-bedroom with a full bath and an eat-in kitchen. Currently the rents are $950 (up) and $1, 000 (main), which is well under market rent for this area, especially when you consider that the solar panels supplement the majority of electricity the tenants use. The owner pays a flat $180 for sewer and water and the tenants pay the rest. There is an extra bathroom and kitchen area in the basement as well.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $190,000
    Price per sq ft: $117
    Property Type: Multi-family
    City: Bovey
    Garage Spaces: 3
    County: Itasca
    Year Built: 1989
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55709
    Subdivision Name: Bovey

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 1,620 ft2
    Living Area: 1,620 ft2
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Dimensions: 27x30
    Garage Size: 840 ft2
    Foundation Size: 720 ft2
    Foundation Dimensions: 20x36
    Fencing: Other, Wire, Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Road Frontage: City Street
    Exterior Material: Post and Beam
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.27
    Geolocation: 47.294545, -93.417492
    Lot Dimensions: 95 x 125
    Zoning: Residential-Multi-Family

    Schools

    School District: 316
    District Phone: 2182477306

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $100
    Annual Fuel Expense: None
    Annual Insurance Expense: $1,800
    Annual Maintenance Expense: None
    Annual Trash Expense: $300
    Annual Water/Sewer Expense: $2,160
    Tenant Expenses: Broadband, Electricity, Fuel

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,524
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,524

    Income

    Annual Gross Income: $23,400

    Rent

    Annual Net Income: $20,840

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of GRAND PROPERTIES REAL ESTATE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.