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For Sale:  Montevideo MLS# 7005410

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Active
$139,000
/mo Edit
Multi-family:  2 Stories
14 br • 4 ba • Built 1905
1,170 sqft • 0.188 acres
Hancock schools
MLS# 7005410
763-576-8286
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    Property Description

    Formerly a single family home, current owner converted the home into a Duplex. The main floor unit offers 3 bedrooms, kitchen, pantry, living room, 3/4 shower and laundry. The main floor is heated by a gas furnace. The upstairs unit offers 2 bedrooms, kitchen, pantry, living room and full pantry. The upstairs unit is heated by electric baseboard heat. There is a back patio for all tenants to use. The basement is currently used for storage. Mytling Electric updated the electrical breakers, added separate meters for each units and installed hard-wired smoke detectors in the units. The property has met all City of Montevideo rental inspections. The air conditioning unit has not been used since seller has owned the property (seller does not verify its working condition). The garage is attached to neighbor's garage and shares driveway with neighbor (owner has separated parking area for tenant convenience).

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $139,000
    Price per sq ft: $119
    Property Type: Multi-family
    City: Montevideo
    Garage Spaces: 1
    County: Chippewa
    Year Built: 1905
    State: MN
    Property Style: 2 Stories
    Zip Code: 56265
    Subdivision Name: Olson 1st Add

    Interior

    Bedrooms: 14
    Bathrooms: 4
    Finished Area: 1,170 ft2
    Living Area: 1,170 ft2
    Refrigerators: Two
    Basement Details:
    • Egress Window(s)
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 10x24
    Garage Size: 240 ft2
    Foundation Size: 580 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Detached Garage
    • Gravel
    Road Frontage:
    • City Street
    • Paved Streets
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.188
    Geolocation: 44.936486, -95.722927
    Lot Dimensions: 60 x 137
    Zoning: Residential-Multi-Family

    Schools

    School District: 768
    District Phone: 3202698833

    Expenses

    Annual Caretaker Expense: $123,456
    Annual Electric Expense: $123,456
    Annual Fuel Expense: $123,456
    Annual Insurance Expense: $12,345
    Annual Maintenance Expense: $12,345
    Annual Trash Expense: $12,345
    Annual Water/Sewer Expense: $12,345
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,952
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,988

    Income

    Annual Gross Income: $16,800

    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 Hughes Real Estate and Auction.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.