For Sale: Willmar MLS# 7161487
Active
NEW!
$160,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1890
2,314 sqft • 0.257 acres
Willmar schools
MLS# 7161487
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Property Description
Calling homeowners and investors alike! This super clean, move-in ready duplex is ideal for FHA buyers.
Live in one unit and let the upstairs unit (currently leased) help pay your mortgage.
The Seller recently completed substantial upgrades to position the home for FHA or conventional financing,
including a brand-new sewer line, refreshed interior, and new garage siding. The roof is in good condition, so
you can buy with confidence.
For Homeowners: Each unit has its own floor, a practical 2-bedroom, 1-bath layout, generous living areas,
abundant natural light, an in-unit washer and dryer, and practical kitchens. The interior for both units has
recently been refreshed. Private entrances give owner-occupants real privacy, and the large yard (over 1/4
acre) on a desirable block is perfect for summer cookouts or backyard sports.
For Investors: Professionally managed, this property produced nearly $25, 000 in gross income last year with
minimal vacancy. The upper level is currently leased to a tenant, so rental income is already in place.
Schedule your showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$160,000
Price per sq ft:
$69
Property Type:
Multi-family
City:
Willmar
Garage Spaces:
2
County:
Kandiyohi
Year Built:
1890
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56201
Subdivision Name:
Glarums Add To Willmar
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
2,314 ft2
Living Area:
2,314 ft2
Refrigerators:
Two
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
480 ft2
Foundation Size:
1,156 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Road Frontage:
Paved Streets
Exterior Material:
Frame
Roof Details:
Age Over 8 Years
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.257
Geolocation:
45.115442, -95.03878
Lot Dimensions:
75 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
347
District Phone:
3202318500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,825
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$2,986
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,986
Income
Annual Gross Income:
$24,197
Rent
Annual Net Income:
$9,737
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Willmar Utilities
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
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credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Stormo Real Estate and Propert.
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.