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Pending
$244,000
/mo   Edit
MLS# 5304282
Multi-family
Built 1955
5,440 fin sqft
Hill City schools
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    Description:   Cash flowing, updated, turn key 6 plex in prime Hill City location. Full occupancy for 5 years, 5 of 6 units completely remodeled, many updates on exterior and common areas. Four - 2BR units, Two - large studio apartments, all under market rents. Inquire with Agent for updated expenses and income.
    List Price: $244,000
    Price/sq ft: $45
    Property Type: Multi-family
    Listing Status: Pending
    Contingency: None
    Property Style: Other
    Year Built: 1955
    City: Hill City
    County: Aitkin
    State: MN
    Zip Code: 55748

    Interior

    Fin Sq Ft / Living Area: 5,440 ft²
    Above Ground Living: 5,440 ft²
    Below Ground Living: 0 ft²
    Basement Details: Other

    Exterior

    Heating System: Baseboard
    Foundation Size: 2,668 ft²
    Handicap Accessible: None
    Exterior Material: Other, Vinyl
    Garage Spaces: 0
    Roof Details: Metal

    Lot

    Acres: 0
    Construction Status: Previously Owned
    Latitude: 46.99250100
    Longitude: -93.59945600
    Lot Size Dim.: 21, 000 sf

    Schools

    School District: 2 - Hill City
    District Phone: 218-697-2394

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,880
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,940
    Annual Maintenance Expense: $2,000
    Annual Repair Expense: $1,000
    Annual Gross Expense: $16,410
    Total Annual Expenses: $16,410
    Annual Trash Expense: $1,272
    Annual Water/Sewer Expense: $4,560

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $3,574
    Assessment Pending: No
    Taxes w/ Assessments: $3,574

    Income

    Annual Gross Income: 41000.00

    Rent

    Unit 1 Monthly Rent: $625
    Unit 2 Monthly Rent: $650
    Unit 3 Monthly Rent: $390
    Unit 4 Monthly Rent: $415

    Unit

    Total Units: 4

    Miscellaneous

    Fuel System: Electric
    Homestead: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Jason
    Roaldson
    CrossCountry
    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason Roaldson
    Premier Loan Officer
    CrossCountry Mortgage NMLS#308253
    My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time. My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction. I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
    612.268.1503

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    Listing provided by RMLS, courtesy of COLDWELL BANKER NORTHWOODS