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$309,900
/mo Edit
Multi-family:  Duplex Up and Down
Built 1979
2,084 sqft0.38 acres
Owatonna schools
MLS# 6514942
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    Property Description

    A rare property with multiple possibilities: 4-bedrooms; 2-baths, 2-eat-in-kitchens, 2 large living rooms and laundry would make a great single family home with plenty of room for everyone. Or cover your monthly mortgage payments while living in one of the 2-bedroom units and renting the other. Using one of these units is the perfect solution for on-site-housing for that favorite relative. Of course this 2-unit duplex would make a great investment that provides a substantial monthly income. This duplex is located in a prime, quiet-residential neighborhood, close to schools and parks. Featuring a large backyard that offers plenty of privacy and a double-attached garage, this property is move-in ready, with newer carpet, hot water heater, furnace, air conditioner, and appliances. Call today and take a look to decide which option is right for you with the flexibility of having a great income generating investment, or a single family home, or living in one unit and renting out the other.

    Listing

    Contingency: None
    Price per sq ft: $149
    City: Owatonna
    County: Steele
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55060

    Interior

    Living Area: 2,084 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Egress Window(s)
    • Full
    • Sump Pump

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 2
    Garage Size: 484 ft2
    Foundation Size: 1,084 ft2
    Fencing: None
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Concrete
    • Garage Door Opener
    • Insulated Garage
    • Storage
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Vinyl Siding
    Roof Details: Asphalt

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.38
    Geolocation: 44.102361, -93.220925
    Lot Dimensions: 90 x 185
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 761
    District Phone: 507-444-8610

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $800
    Annual Maintenance Expense: $200
    Annual Gross Expense: $5,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Fuel, Grounds Care, Snow Removal, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,246
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,246

    Income

    Annual Gross Income: $28,800

    Units

    Total Units: 2

    Miscellaneous

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

    Mortgage Calculator

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