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Sold
$244,000  (list price)
$237,900
/mo   Edit
Multi-family:  Other
Built 1955
5,440 sqft
Hill City schools
MLS# 5304282
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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
    Sold Price: $237,900
    Sold Date: 08/13/2020
    Price per sqft: $45
    Property Type: Multi-family
    Listing Status: Sold
    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 sqft
    Above Ground Living: 5,440 sqft
    Basement Details: Other

    Exterior

    Heating System: Baseboard
    Foundation Size: 2,668 sqft
    Handicap Accessible: None
    Exterior Material: Other, Vinyl Siding
    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
    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: $41,000

    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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    Jeff Zajac
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    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage 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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