For Sale: Glencoe Twp MLS# 6520002
Active
$399,000
Multi-family: Triplex
Built 1967
3,136 sqft•0.81 acres
Glencoe-Silver Lake schools
MLS# 6520002
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Property Description
Cap rate over 7! This turnkey property couldnât be placed in a better location! The expansive backyard opens up to panoramic views of the countryside. Between the tranquil setting and the large units, who wouldnât want to rent here! There are multiple income opportunities and would even be perfect for an owner occupant, where your tenants pay your mortgage! Or you could rent all three units, and one single car garage, and one double car garage separately, or any combination. Newer roof, water heaters, A/C units, some newer appliances. Lower unit completely renovated in 2016. Room to increase rents as-is, all leases are month to month. Same tenants for 5+ years! Renters pay all utilities.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,000
Price per sq ft:
$127
Property Type:
Multi-family
City:
Glencoe Twp
Garage Spaces:
5
County:
McLeod
Year Built:
1967
State:
MN
Property Style:
Triplex
Zip Code:
55336
Interior
Finished Area:
3,136 ft2
Living Area:
3,136 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Egress Window(s)
- Finished
- Walkout
Exterior
Stories:
One
Garage Spaces:
5
Garage Size:
1,200 ft2
Foundation Size:
2,136 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Forced Air
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.81
Geolocation:
44.752392, -94.152071
Lot Dimensions:
187.84 x 187.84
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Schools
School District:
2859
District Phone:
320-864-2498
Expenses
Annual Insurance Expense:
$1,896
Annual Gross Expense:
$3,886
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$2,276
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,276
Income
Annual Gross Income:
$35,700
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- Mound Septic
- Private Sewer
- Septic System Compliant - Yes
Water System:
- Private
- Well
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Listing provided by RMLS,
courtesy of National Realty Guild.
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.