For Sale: Bigfork MLS# 6599932
Active
$85,000
Multi-family: Triplex
Built 1960
3,400 sqft • 0.14 acres
Grand Rapids schools
MLS# 6599932
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Property Description
Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28, 004.04 a year with expenses being around $9, 155 for a net income of $18, 849!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$85,000
Price per sq ft:
$25
Property Type:
Multi-family
City:
Bigfork
Garage Spaces:
0
County:
Itasca
Year Built:
1960
State:
MN
Property Style:
Triplex
Zip Code:
56628
Subdivision Name:
Fourth Add To Bigfork
Interior
Finished Area:
3,400 ft2
Living Area:
3,400 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Block
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
3,400 ft2
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Asphalt
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
Metal
Lot & Land
Acres:
0.14
Geolocation:
47.745284, -93.653316
Lot Dimensions:
60 x 92 x 62 x 109
Zoning:
Business/Commercial
Schools
School District:
318
District Phone:
218-327-5704
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$600
Annual Fuel Expense:
$4,000
Annual Insurance Expense:
$2,202
Annual Maintenance Expense:
None
Annual Gross Expense:
$9,155
Annual Trash Expense:
$553
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Cable TV, Electricity, Snow Removal, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,914
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,914
Income
Annual Gross Income:
$28,004
Units
Total Units:
3
Miscellaneous
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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.
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!
Listing provided by RMLS,
courtesy of GRAND PROPERTIES REAL ESTATE.
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.