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Active
$500,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 2002
1,236 sqft • 0.86 acres
Martin County West schools
MLS# 6598585
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    Property Description

    TURNKEY investment property awaits you, this property consists of 2 buildings, with 2 units in each building, each unit includes 2 bedrooms, laundry, and a single attached garage. Included is a bare lot for further expansion on the North side of the property. All units are currently occupied by renters.

    Listing

    Contingency: None
    Price per sq ft: $405
    City: Sherburn
    County: Martin
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 56171
    Subdivision Name: Morgans Add

    Interior

    Living Area: 1,236 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 1
    Garage Dimensions: 13X20
    Garage Size: 260 ft2
    Foundation Size: 1,470 ft2
    Foundation Dimensions: 35X42
    Handicap Accessible: No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Radiant
    Parking Features:
    • Attached Garage
    • Concrete
    Road Frontage:
    • City Street
    • Curbs
    Exterior Material: Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.86
    Geolocation: 43.648471, -94.723669
    Lot Dimensions: 150X250
    Addl Parcels: 384500510, 384500520
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 2448
    District Phone: 507-728-8276

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $28
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $28

    Income

    Annual Gross Income: $34,200

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    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 known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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 City Side Real Estate Inc.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.