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Sold
Sold
$146,500  (list price)
$146,500
/mo   Edit
MLS# 5489803
Multi-family
Built 1900
1,768 fin sqft
Princeton schools
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    Description:   Nice Duplex in downtown Princeton. Easy walk and access to many shops and local businesses. Great Potential here to build on the positive cash flow by making further improvements. One garage stall for each unit plus more parking spaces available. Fully occupied with long standing tenants. Both are 2 bedroom units. A perfect opportunity to own a money making property.
    List Price: $146,500
    Sold Price: $146,500
    Sold Date: 04/30/2020
    Price/sq ft: $83
    Property Type: Multi-family
    Listing Status: Sold
    Contingency: None
    Property Style: Duplex Up and Down
    Year Built: 1900
    City: Princeton
    County: Mille Lacs
    State: MN
    Zip Code: 55371

    Interior

    Fin Sq Ft / Living Area: 1,768 ft²
    Above Ground Living: 1,768 ft²
    Below Ground Living: 0 ft²
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit
    Basement Details: Partial, Crawl Space

    Exterior

    Heating System: Forced Air, Baseboard
    Foundation Size: 884 ft²
    Fencing: None
    Road Frontage: City, Paved Streets, Curbs
    Handicap Accessible: None
    Exterior Material: Metal
    Garage Spaces: 2
    Roof Details: Asphalt Shingles, Pitched, Age Over 8 Years

    Lot

    Acres: 0.23
    Construction Status: Previously Owned
    Lot Description: Tree Coverage - Light
    Latitude: 45.56805000
    Longitude: -93.58126000
    Lot Size Dim.: 66x148
    Dev/Complex Name: Damons Add
    Zoning: Residential-Multi-Family

    Schools

    School District: 477 - Princeton
    District Phone: 763-389-2422

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $998
    Annual Maintenance Expense: $1,000
    Annual Repair Expense: None
    Annual Gross Expense: $3,810
    Total Annual Expenses: $3,810
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,812
    Owner Expenses: Taxes, Insurance, Water/Sewer, Maintenance/Repair
    Tenant Expenses: Electric, Fuel, Trash, Snow, Cable T.V.

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $2,344
    Assessment Pending: No
    Taxes w/ Assessments: $2,344

    Income

    Annual Gross Income: $16,800
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Rent

    Unit 1 Monthly Rent: $750
    Unit 2 Monthly Rent: $650

    Unit

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    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
    Jeff
    Zajac
    TruStone
    Justin
    Larson
    Movement
    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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