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.

©2024 Northstar MLS. All rights reserved. 

Data last updated 12:20 AM UTC, 11/21/2024

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