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Active
$229,900
/mo Edit
Multi-family:  Other
Built 1900
4,032 sqft0.24 acres
Park Rapids schools
MLS# 6503426
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    Property Description

    Buy the triplex and get a duplex for free! If you are looking for an income producer then look no further. The location is ideal and the rental history is extremely consistent. The triplex includes 2800+ finished sq ft with (2) two bedroom units and (1) one bedroom unit. The duplex includes 1200+ finished sq ft with (2) one bedroom units. In total there are 5 units with 5 baths and over 4000 (above grade) finished sq ft. Each has natural gas or electric heat. All units are metered individually for electricity. The rental demand is as high as it has ever been with no slow down in sight. 614 Main Avenue N in beautiful downtown Park Rapids, MN is a great hedge for anyone looking to invest in the tangibles of real estate.

    Listing

    Contingency: None
    Price per sq ft: $57
    City: Park Rapids
    County: Hubbard
    State: MN
    Property Style: Other
    Zip Code: 56470
    Subdivision Name: Churchills Second Add

    Interior

    Living Area: 4,032 ft2
    Basement Details:
    • Other
    • Slab
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 1,716 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Asphalt
    • Open
    Road Frontage: City Street
    Exterior Material: Vinyl Siding

    Lot & Land

    Acres: 0.24
    Geolocation: 46.92905332, -95.05962691
    Lot Dimensions: 75 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 309
    District Phone: 218-237-6500

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,094
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,095

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.