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Active
$479,900
/mo   Edit
Commercial:  Apartments
Built 1900
0.24 acres
Crosby-Ironton schools
MLS# 5754361
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    Description:   Excellent opportunity to own rental property in the fast growing and popular area of Crosby. Bring the bikes! This 6 unit apartment building has 4-two bedroom and 2-one bedroom apartments. Two of the apartments have a screened-in porch. Many updates to this property! New flooring, paint, appliances, asphalt parking spaces, concrete sidewalk, entrance and more! Each apartment has its own electric meter. There is an owner owned coin-operated laundry. Located in quiet neighborhood just blocks from downtown Crosby and an easy ride to the trails!
    List Price: $479,900
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments
    Year Built: 1900
    City: Crosby
    County: Crow Wing
    State: MN
    Zip Code: 56441

    Interior

    Building Fin Sq Ft: 3,600 sqft
    Total Ranges: Six or More
    Total Refrigerators: Six or More
    Basement Details: Full, Finished

    Exterior

    Heating System: Baseboard
    Foundation Size: 1,500 sqft
    Road Frontage: City Street, Paved Streets
    Handicap Accessible: None
    Exterior Material: Wood Siding, Vinyl Siding, Block
    Garage Spaces: 0
    Other Parking Spaces: 6
    Roof Details: Pitched, Age Over 8 Years

    Lot

    Acres: 0.24
    Latitude: 46.48178876
    Longitude: -93.96257138
    Lot Size Dim.: 117x125x117x125
    Dev/Complex Name: Central Add 2 Crosby
    Zoning: Residential-Multi-Family

    Schools

    School District: 182
    District Phone: 218-545-8801

    Expenses

    Annual Caretaker Expense: $1,500
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,200
    Annual Maintenance Expense: $250
    Annual Gross Expense: $13,332
    Annual Trash Expense: $1,512
    Annual Water/Sewer Expense: $4,800

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $2,688
    Assessment Pending: Unknown
    Taxes w/ Assessments: $2,688

    Income

    Annual Gross Income: $53,100

    Unit

    Total Rooms in Unit 1: 2
    Total Rooms in Unit 2: 4
    Total Rooms in Unit 3: 0
    Total Units: 6
    Number of Efficiencies: 0

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas, Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Heating Common, Electric Separate, Electric Common, Hot Water Separate, Hot Water Common
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    Truestone
    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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    Listing provided by RMLS, courtesy of Advantage Point Realty.
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