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Active
$424,900
/mo   Edit
MLS# 5016652
38679, 38661 Windsor Avenue
Crosslake, MN 56442
Multi-family  ●  Duplex Other
2,132 fin sqft  ●  0.92 acres
Built 2002  ●  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

    Jason
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    Jason Chitwood
    Senior Loan Officer
    Movement Mortgage NMLS#642509
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    Listing provided by RMLS, courtesy of Edina Realty, Inc.