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For Sale:  Bigfork MLS# 6599932

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Active
$100,000
/mo Edit
Multi-family:  Triplex
Built 1960
3,400 sqft • 0.14 acres
Grand Rapids schools
MLS# 6599932
763-576-8286
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    Property Description

    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!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $100,000
    Price per sq ft: $29
    Property Type: Multi-family
    City: Bigfork
    County: Itasca
    Year Built: 1960
    State: MN
    Property Style: Triplex
    Zip Code: 56628
    Subdivision Name: Fourth Add To Bigfork

    Interior

    Finished Area: 3,400 ft2
    Living Area: 3,400 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Block

    Exterior

    Stories: One
    Foundation Size: 3,400 ft2
    Handicap Accessible: No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Asphalt
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Metal

    Lot & Land

    Acres: 0.14
    Geolocation: 47.745284, -93.653316
    Lot Dimensions: 60 x 92 x 62 x 109
    Zoning: Business/Commercial

    Schools

    School District: 318
    District Phone: 218-327-5704

    Expenses

    Annual Electric Expense: $600
    Annual Fuel Expense: $4,000
    Annual Insurance Expense: $2,202
    Annual Gross Expense: $9,155
    Annual Trash Expense: $553
    Annual Water/Sewer Expense: $1,800
    Tenant Expenses: Cable TV, Electricity, Snow Removal, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,914
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,914

    Income

    Annual Gross Income: $28,004

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Propane
    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

    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.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of GRAND PROPERTIES REAL ESTATE.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.