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Active
Listed
$424,900
/mo   Edit
MLS# 5016652
38679, 38661 Windsor Avenue
Crosslake, MN 56442
Multi-family    Duplex Other
Built 2002
2,132 fin sqft    0.92 acres
Pequot Lakes schools
Info: 763-576-8286
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    Description:   Investment opportunity in Crosslake with 100% occupancy and an excellent long-term rental history! Two twin homes with a total of 4 units. All units have the same floor plan, featuring 2 bedrooms, 2 bathrooms, central A/C, one-car attached garage, and a backyard patio. Great location on the desired Manhattan Point peninsula, a 3 mile bike/walking path just down the street, and Trout Lake of the Whitefish Chain's public access less than 1 mile away. Well maintained, excellent condition!
    List Price: $424,900
    Price/sq ft: $199
    Property Type: Multi-family
    Listing Status: Active
    Contingency: None
    Property Style: Duplex Other
    Year Built: 2002
    City: Crosslake
    Zip Code: 56442

    Interior

    Fin Sq Ft / Living Area: 2,132 ft²
    Above Ground Living: 2,132 ft²
    Below Ground Living: 0 ft²
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: None

    Exterior

    Heating System: Forced Air
    Foundation Size: 2,132 ft²
    Shared Amenities: None
    Road Frontage: Private
    Handicap Accessible: None
    Exterior Material: Vinyl
    Garage Spaces: 4
    Roof Details: Asphalt Shingles

    Lot

    Acres: 0.92
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Medium
    Latitude: 46.71371800
    Longitude: -94.14104600
    Lot Size Dim.: 240x167
    Zoning: Residential-Multi-Family

    Schools

    School District: 186 - Pequot Lakes
    District Phone: 218-568-4996

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,200
    Annual Fuel Expense: $1,400
    Annual Insurance Expense: $1,779
    Annual Maintenance Expense: $900
    Annual Repair Expense: $500
    Annual Gross Expense: $6,102
    Total Annual Expenses: $6,102
    Annual Trash Expense: $480
    Annual Water/Sewer Expense: None
    Tenant Expenses: Trash, Snow, Lawn, Cable T.V.

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $3,392
    Assessment Pending: No
    Taxes w/ Assessments: $3,422

    Income

    Annual Gross Income: 34320.00

    Rent

    Unit 1 Monthly Rent: $700

    Unit

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Homestead: No
    Owner Occupied: N
    Sewer System: Tank with Drainage Field
    Water System: Well, Drilled

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    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Richard
    Smyth
    TruStone
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    Bay Equity
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Edina Realty, Inc.