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Active
$419,900
/mo Edit
Multi-family:  Four Plex
Built 1936
4,400 sqft • 2.28 acres
Aitkin schools
MLS# 6572281
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    Property Description

    This 4-Plex property, situated 10 miles south of Aitkin, presents a valuable real estate opportunity. The building comprises three main floor units and one upper unit, each accompanied by its own garage stall, set within a spacious parking area. With two units featuring three bedrooms, one unit with two bedrooms, and a one-bedroom unit the property offers versatility for potential renters. Nestled on over two acres of gently wooded land, it provides a serene living environment. Property has a newer drilled well, many updates in each unit. Close to lakes, trails and restaurants.

    Listing

    Contingency: None
    Price per sq ft: $95
    City: Aitkin
    County: Aitkin
    State: MN
    Property Style: Four Plex
    Zip Code: 56431

    Interior

    Living Area: 4,400 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Crawl Space
    • Drainage System
    • Sump Pump

    Exterior

    Stories: One and One Half
    Garage Spaces: 5
    Garage Dimensions: 30 x 60
    Garage Size: 1,800 ft2
    Foundation Size: 3,200 ft2
    Foundation Dimensions: 40 x 80
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached
    • Gravel
    Road Frontage:
    • County Road
    • Highway
    Exterior Material: Vinyl Siding
    Roof Details:
    • Asphalt
    • Rubber

    Lot & Land

    Acres: 2.28
    Geolocation: 46.403037, -93.74977
    Lot Dimensions: 250 x 360
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Farm

    Topography: Level

    Schools

    School District: 8001
    District Phone: 218-927-2115

    Expenses

    Annual Caretaker Expense: $3,600
    Annual Electric Expense: $1,177
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,010
    Annual Maintenance Expense: $2,200
    Annual Gross Expense: $5,800
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $2,096
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,096

    Income

    Annual Gross Income: $35,400

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Propane
    Owner Occupied: No
    Sewer System: Mound Septic
    Water System:
    • Drilled
    • Well

    Mortgage Calculator

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    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Cummings Janzen Realty, Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.