For Sale: Forest Lake MLS# 6608265
Active
$349,900
Multi-family: Duplex Up and Down
Built 1890
1,900 sqft • 0.17 acres
Forest Lake schools
MLS# 6608265
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Property Description
This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$184
Property Type:
Multi-family
City:
Forest Lake
Garage Spaces:
2
County:
Washington
Year Built:
1890
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55025
Subdivision Name:
Houles Jw Add
Interior
Finished Area:
1,900 ft2
Living Area:
1,900 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Crawl Space
- Shared Access
- Stone/Rock
- Sump Pump
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
24x26
Garage Size:
624 ft2
Garage Door Height:
7
Foundation Size:
1,350 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Concrete
Road Frontage:
City Street
Exterior Material:
- Vinyl Siding
- Wood Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.17
Geolocation:
45.280782, -92.988991
Lot Dimensions:
50 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
831
District Phone:
651-982-8103
Expenses
Annual Electric Expense:
$4,500
Annual Fuel Expense:
$300
Annual Insurance Expense:
$2,529
Annual Maintenance Expense:
$3,144
Annual Gross Expense:
$41,705
Annual Trash Expense:
$467
Annual Water/Sewer Expense:
$1,175
Tenant Expenses:
Cable TV, Grounds Care, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,856
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,856
Income
Annual Gross Income:
$33,985
Units
Total Units:
2
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 Elite Realty Minnesota.
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.