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For Sale:  Willmar MLS# 6495964

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Active
$169,999
/mo Edit
Multi-family:  Duplex Up and Down
Built 1922
1,907 sqft•0.16 acres
Willmar schools
MLS# 6495964
763-576-8286
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    Property Description

    This duplex is situated on the southeast side of Willmar and offers a unique combination of residential and investment potential. The property consists of two units: A spacious 3-bedroom residence on the upper level and a convenient studio Airbnb on the lower level. Additionally, the property is located in an opportunity zone, which can offer potential tax benefits and incentives for investors. Opportunity Zones are designated areas that aim to stimulate economic development and job creation. Investors in these zones may be eligible for certain tax advantages, contributing to the overall attractiveness of the property for those looking to make a real estate investment.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $169,999
    Price per sq ft: $89
    Property Type: Multi-family
    City: Willmar
    Garage Spaces: 0
    County: Kandiyohi
    Year Built: 1922
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56201
    Subdivision Name: Paulson & Sundes Sub Of Eastern Ad

    Interior

    Finished Area: 1,907 ft2
    Living Area: 1,907 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: One and One Half
    Garage Spaces: 0
    Foundation Size: 808 ft2
    Foundation Dimensions: 35x12x6x12x29x24
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: None
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material: Vinyl Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.16
    Geolocation: 45.123016, -95.038235
    Lot Dimensions: 50 x 137
    Zoning: Residential-Single Family
    Lot Description: Tree Coverage - Medium

    Schools

    School District: 347
    District Phone: 320-231-8500

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,800
    Annual Fuel Expense: $3,000
    Annual Insurance Expense: $1,800
    Annual Maintenance Expense: $500
    Annual Gross Expense: $6,500
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Trash Collection

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $1,450
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,450

    Income

    Annual Gross Income: $21,900

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Propane
    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.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Weichert REALTORS Tower Properties.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.