Active
305 Main Avenue
Bigfork MN, 56628
$100,000
$29.41 per sqft
Active
3,400 sqft
Multi-family
Built in 1960
Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!
6599932
MLSⓇ ID
September 10, 2024
Listed
November 21, 2024
Updated
Map
305 Main Avenue
Bigfork MN, 56628
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.14 Acres
Roof
Metal
Sewer
City Sewer/Connected
School Information
School District
Grand Rapids
Other Property Details
Taxes
$1,914
Tax Frequency
Annually
Days on Market
71
Garage
No
Parking
Asphalt
View
No
County
Itasca
Water Source
City Water/Connected
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/20/2024 | Price change | $100,000 -10% |
10/28/2024 | Price change | $110,000 -9% |
Courtesy of GRAND PROPERTIES REAL ESTATE
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Lauren A. Janoski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 12:20 AM UTC, 11/21/2024