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Sold:  Virginia MLS# 6642805

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Sold
$49,999  (list price)
$30,000
/mo Edit
Multi-family:  Triplex
Built 1909
692 sqft • 0.1 acres
Virginia schools
MLS# 6642805
763-576-8286
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    Property Description

    SELLER MOTIVATED! ASK ABOUT A BUNDLE DEAL THAT INCLUDES 3 OTHER PROPERTIES! Triplex Investment Opportunity in the Heart of Virginia, MN Located just one block from Main Street, this triplex on 1st Street North in Virginia, Minnesota, offers a great investment opportunity in a prime location near local businesses and amenities. The property features a lower unit with 3 bedrooms and 1 bathroom, making it ideal for immediate rental income. The 2nd floor unit boasts 3 bedrooms and 2 bathrooms but requires significant renovation before it can be rented out. Similarly, the 3rd-floor studio unit is also in need of extensive work before becoming habitable. The property includes a spacious backyard, perfect for outdoor activities or potential future development, as well as a 2-stall garage offering convenient off-street parking. With its central location, this triplex is within walking distance to local shops, restaurants, and more. This property is perfect for someone looking to invest in a growing area and willing to put in some work to restore the upper units. With the right renovations, this triplex has the potential to generate strong rental income in a desirable neighborhood. Don’t miss out on this opportunity in Virginia!

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $49,999
    Sold Price: $30,000
    Sold Date: 03/28/2025
    Price per sq ft: $72
    Property Type: Multi-family
    City: Virginia
    Garage Spaces: 2
    County: St. Louis
    Year Built: 1909
    State: MN
    Property Style: Triplex
    Zip Code: 55792
    Subdivision Name: Virginia

    Interior

    Finished Area: 692 ft2
    Living Area: 692 ft2
    Basement Details: Concrete

    Exterior

    Garage Spaces: 2
    Garage Size: 723 ft2
    Foundation Size: 1,080 ft2
    Handicap Accessible: None
    Heating System: Baseboard
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.1
    Geolocation: 47.523846, -92.533484
    Lot Dimensions: 25

    Schools

    School District: 706
    District Phone: 218-742-3901

    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: None
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None

    Income

    Annual Gross Income: None

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Classic Rlty NW.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.