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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: 16800.00
    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

    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff
    Zajac
    TruStone
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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