Sold: New York Mills MLS# 6572650
Sold
$224,900 (list price)
$223,000
Multi-family: Triplex
Built 1910
3,792 sqft • 0.5 acres
New York Mills schools
MLS# 6572650
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Property Description
Welcome to Centennial 84 Drive. This well-maintained tri-plex offers an excellent investment opportunity. This property has a strong rental history, ensuring a steady income stream for the savvy investor. The main floor unit is one bedroom and 1080 square feet, upper unit is two bedroom and 1041 square feet with a sun room, lower level is a 982 square feet and two bedroom. That unit is in the final stages of remodel and just needs the finishing touches. Each unit has their own laundry and their own electric meters. There is a two stall attached garage. Whether you choose to live in one unit and rent the others, rent out all 3 or use for a multi generational home, don't miss this opportunity to own this tri plex. Whether you are an experienced investor or looking to start your real estate portfolio, this property is a smart choice. This property has a very large lot for communal outdoor areas. Take advantage of this low risk investment today!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$224,900
Sold Price:
$223,000
Sold Date:
10/18/2024
Price per sq ft:
$59
Property Type:
Multi-family
City:
New York Mills
Garage Spaces:
2
County:
Otter Tail
Year Built:
1910
State:
MN
Property Style:
Triplex
Zip Code:
56567
Subdivision Name:
Wm V Smiths Add
Interior
Finished Area:
3,792 ft2
Living Area:
3,792 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Block
- Finished
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
20x36
Garage Size:
720 ft2
Foundation Size:
1,284 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Attached Garage
- Open
Exterior Material:
Vinyl Siding
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.5
Geolocation:
46.517116, -95.372483
Lot Dimensions:
120 x 179
Schools
School District:
553
District Phone:
218-385-4201
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$410
Annual Fuel Expense:
$2,649
Annual Insurance Expense:
$1,500
Annual Maintenance Expense:
None
Annual Gross Expense:
$6,755
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,132
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,132
Income
Annual Gross Income:
$21,340
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of Centennial Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.