For Sale: Detroit Lakes MLS# 6529540
Active
$299,900
Multi-family: Four Plex
Built 1900
1,768 sqft • 0.3 acres
Detroit Lakes schools
MLS# 6529540
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Property Description
Great investment opportunity located conveniently in the heart of Detroit Lakes just blocks away from public beach access along W Lake Dr.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,900
Price per sq ft:
$170
Property Type:
Multi-family
City:
Detroit Lakes
County:
Becker
Year Built:
1900
State:
MN
Property Style:
Four Plex
Zip Code:
56501
Subdivision Name:
Frazee & Holmes Add
Interior
Finished Area:
1,768 ft2
Living Area:
1,768 ft2
Basement Details:
- Concrete
- Egress Window(s)
- Partial
- Stone/Rock
Exterior
Stories:
One and One Half
Foundation Size:
1,768 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Shared Driveway
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Fiber Cement
- Metal Siding
- Other
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.3
Geolocation:
46.815088, -95.84649
Lot Dimensions:
87 x 149
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Light
Schools
School District:
22
District Phone:
218-847-9271
Expenses
Annual Caretaker Expense:
$2,199
Annual Electric Expense:
$2,000
Annual Fuel Expense:
$3,389
Annual Insurance Expense:
$2,702
Annual Maintenance Expense:
$1,100
Annual Gross Expense:
$13,819
Annual Trash Expense:
$628
Annual Water/Sewer Expense:
$700
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,928
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$2,044
Income
Annual Gross Income:
$38,100
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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.
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!
Listing provided by RMLS,
courtesy of eXp Realty.
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.