For Sale: Oakes MLS# 7096715
Active
$315,000
Multi-family: Duplex Side by Side
4 br • 2 ba • Built 1978
2,080 sqft • 0.4 acres
MLS# 7096715
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Property Description
Investment Opportunity – Well-Maintained Duplex with Strong Rental History!
Don't miss this excellent income-producing property! This well-maintained duplex offers two spacious units, each featuring 2 bedrooms, 1 bathroom, convenient in-unit laundry, and an attached heated single-stall garage. With no current vacancies, this property provides immediate rental income.
Both units offer comfortable living spaces, while the full basements provide additional storage and functionality. One unit features a partially finished basement, adding extra living or recreational space for tenants. Recent updates include a roof, exterior doors, and 6-inch gutters, and heat & a/c updated approximately 8 years ago, helping minimize future expenses.
Additional highlights include durable steel siding and all appliances included, making this a truly turnkey investment. Whether you're looking to expand your rental portfolio or purchase your first multifamily property, this duplex offers a combination of quality, convenience, and dependable cash flow.
Also looking for a place to call home? Live in one unit and rent the other out for additional income.
A solid investment with desirable amenities and consistent rental appeal!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$315,000
Price per sq ft:
$151
Property Type:
Multi-family
City:
Oakes
Garage Spaces:
1
County:
Dickey
Year Built:
1978
State:
ND
Property Style:
Duplex Side by Side
Zip Code:
58474
Subdivision Name:
Oakes
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,080 ft2
Living Area:
2,080 ft2
Refrigerators:
One
Basement Details:
- Partially Finished
- Unfinished
Exterior
Stories:
One
Garage Spaces:
1
Garage Dimensions:
24 x 14
Garage Size:
336 ft2
Foundation Size:
2,080 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
- Heat Pump
Parking Features:
- Attached Garage
- Concrete
- Electric
- Garage Door Opener
- Heated Garage
- Insulated Garage
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- In Unit
- Laundry Room
- Main Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.4
Geolocation:
46.219738, -97.758247
Lot Dimensions:
0
Schools
School District:
ND11041
High School:
Oakes
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,400
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,700
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
Cable TV, Electricity, Maintenance, Repairs, Snow Removal
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,861
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,346
Income
Annual Gross Income:
$19,200
Rent
Annual Net Income:
$11,200
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Premium Home Realty Co..
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.