For Sale: Green Isle MLS# 6623253
Active
$475,000
Multi-family: Four Plex
Built 1976
3,312 sqft • 0.22 acres
Sibley East schools
MLS# 6623253
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Property Description
4 Plex next door also for sale - See MLS Listing # 6623255. Seller prefers to sell both together. $3, 800 in monthly rent income producing 4 Plex with High Demand! Incredible investment opportunity! This fully-occupied 4-plex in Green Isle offers a steady income stream with a proven track record. Each unit is tenant-occupied with a waiting list in place. Conveniently located, this property attracts long-term tenants with its well-maintained spaces and strong local demand. Fully occupied with established tenants. Each unit is individually metered. Neighboring 4-plex also available â?? buy one or both for even greater income potential! Desirable location close to local amenities and community centers
For investors interested in expanding their portfolio, purchasing both properties together offers an excellent opportunity to double your rental income. Seller would prefer to sell both properties together however, are open to selling the properties individually.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$475,000
Price per sq ft:
$143
Property Type:
Multi-family
City:
Green Isle
Garage Spaces:
2
County:
Sibley
Year Built:
1976
State:
MN
Property Style:
Four Plex
Zip Code:
55338
Subdivision Name:
Fitzpatricks Add
Interior
Finished Area:
3,312 ft2
Living Area:
3,312 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Finished
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
2
Garage Size:
560 ft2
Foundation Size:
1,656 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Detached
- Parking Lot
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Asphalt
Lot & Land
Acres:
0.22
Geolocation:
44.676847, -94.002824
Lot Dimensions:
65 x 180
Zoning:
Residential-Multi-Family
Schools
School District:
2310
District Phone:
507-964-2292
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$600
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$8,100
Annual Trash Expense:
$450
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,764
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,764
Income
Annual Gross Income:
$45,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 Lifecycle Real Estate Services.
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.