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$149,000  (list price)
$141,500
/mo Edit
Multi-family:  Duplex Side by Side
Built 1900
2,140 sqft0.16 acres
Waterville-Elysian-Morris schools
MLS# 6483366
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    Property Description

    Fantastic Investment Opportunity! The recently vacated 3-bedroom unit has been meticulously cleaned and is primed for a new tenant or owner occupant seeking rental income. The one bedroom unit has a long term renter! Tenants enjoy the convenience of a shared laundry facility located in the rear vestibule alongside the mechanicals. This property has been well maintained, featuring updates including a 2011 roof, 2015 windows and boiler, and a 2016 water heater. Don't let this opportunity slip away to start or expand your real estate portfolio! Conveniently located within walking distance to a grocery store, clinic, lake, post office, school, bank, eateries, and various other shops. Call for your private showing today!

    Listing

    Contingency: None
    Price per sq ft: $70
    City: Waterville
    County: Le Sueur
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 56096
    Subdivision Name: City Of Waterville

    Interior

    Living Area: 2,140 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Partial
    • Unfinished

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 24x24
    Garage Size: 576 ft2
    Foundation Size: 1,740 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: Detached
    Shared Amenities: Patio
    Road Frontage: City Street
    Exterior Material:
    • Vinyl Siding
    • Wood Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.16
    Geolocation: 44.21916100, -93.56865600
    Lot Dimensions: 145 x 49
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 2143
    District Phone: 507-275-3115

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,600
    Annual Insurance Expense: $2,500
    Annual Maintenance Expense: None
    Annual Gross Expense: $6,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $1,600
    Tenant Expenses: Electricity, Trash Collection

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $2,198
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,234

    Income

    Annual Gross Income: $16,800

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.