For Sale: Virginia MLS# 6690399
Active
$99,900
Multi-family: Duplex Up and Down
Built 1904
1,418 sqft • 0.07 acres
Virginia schools
MLS# 6690399
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Property Description
Turnkey Duplex with Strong Cash Flow â?? 14.7% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1, 100/month, providing additional income potential. A great addition to any investment portfolio!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$99,900
Price per sq ft:
$70
Property Type:
Multi-family
City:
Virginia
Garage Spaces:
0
County:
St. Louis
Year Built:
1904
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55792
Subdivision Name:
Virginia
Interior
Finished Area:
1,418 ft2
Living Area:
1,418 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
- Partial
- Stone/Rock
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
709 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Gravel
- Parking Lot
Shared Amenities:
Laundry
Road Frontage:
City Street
Exterior Material:
Aluminum Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.07
Geolocation:
47.524281, -92.539388
Lot Dimensions:
121 x 20 x 7 x 116 x 25
Schools
School District:
706
District Phone:
218-742-3901
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,000
Annual Fuel Expense:
$2,000
Annual Insurance Expense:
$1,549
Annual Maintenance Expense:
$500
Annual Gross Expense:
$8,534
Annual Trash Expense:
$480
Annual Water/Sewer Expense:
$754
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,182
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,182
Income
Annual Gross Income:
$23,280
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.