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Jamie Albertsen

jamie@pedersonrealty.com +1(507) 581-7094

$160,000

Est. payment - /mo

5 Beds

4 Baths

2,200 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $72

Subdivision Biwabik

MLS Listing ID 7143364

Bedrooms 5

Year Built 1920

Annual Tax Amount $3,148

Tax Year 2026

Contingent None

Lot Size 6,229 Sqft

Lot Dimensions 50x125

Property Sub-Type Fourplex

Property Description

Whether you want to increase your portfolio or have a live-in house hack. This property is perfect for your next cash-flowing investment. Currently used as a long-term rental but can be used as a short-term rental, this four-unit property has a mix of 2 two-bedrooms (both leased currently $1000 and $900/month), a one-bedroom ($835/month vacant), and one efficiency apartments ($750/month vacant). Current tenants are on month-to-month or soon-to-be-expiring leases. Three new water heaters in the last three years. The furnace has also been updated to natural gas. The electrical service has been updated to all breakers and potential laundry room wiring has been run already. Metal roof and blown-in insulation in the attic make this fairly easy to heat. All the utilities and heat are included in the tenants' rent.

Location

State MN

County St. Louis

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Forced Air, Space Heater

Fireplace No

Exterior

Roof Type Metal

Building

Story Two

Foundation 1100

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Post and Beam

New Construction false

Schools

School District Mesabi East

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Listed by Joseph Tome • GRAND PROPERTIES REAL ESTATE

Nearby School & Business

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Jamie Albertsen

+1(507) 581-7094

110 3rd AVE N Biwabik, MN 55708

Jamie Albertsen

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information

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