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$180,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1910
1,660 sqft0.24 acres
Detroit Lakes schools
MLS# 6529338
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    Property Description

    This triplex, centrally situated in Detroit Lakes, offers a very nice housing option. The main level comprises a 1-bedroom, 1-bathroom unit, while the second level features a 2-bedroom, 1-bathroom apartment. The uppermost level also offers a 1-bedroom, 1-bathroom space. Laundry facilities are conveniently located in the basement, accessible for all tenants. Additionally, three parking spaces with electric and a storage garage are available at the rear of the property. Close proximity to shopping, parks, and schools makes it convenient for both investors and tenants. Check this one out today!

    Listing

    Contingency: None
    Price per sq ft: $108
    City: Detroit Lakes
    County: Becker
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56501
    Subdivision Name: Holmes 4th Add

    Interior

    Living Area: 1,660 ft2
    Ranges: Three
    Refrigerators: Three
    Basement Details: Block

    Exterior

    Stories: More Than 2 Stories
    Foundation Size: 760 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Guest Parking
    • Parking Lot
    Shared Amenities:
    • Common Garden
    • Common Laundry
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.24
    Geolocation: 46.814525, -95.840651
    Lot Dimensions: 150 x 75
    Zoning: Residential-Multi-Family

    Farm

    Topography: Level

    Schools

    School District: 22
    District Phone: 218-847-9271

    Expenses

    Annual Insurance Expense: $1,620
    Annual Maintenance Expense: $1,200
    Annual Gross Expense: $5,300
    Annual Trash Expense: $600
    Annual Water/Sewer Expense: $3,120
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $2,028
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,028

    Income

    Annual Gross Income: $23,100
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 3

    Miscellaneous

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

    Mortgage Calculator

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    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 HomeSmart Adventure Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.