For Sale: Aldrich MLS# 6638557
Active
NEW!
$174,900
Multi-family: Other
Built 1940
1,764 sqft • 3.74 acres
Staples-Motley schools
MLS# 6638557
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Property Description
A unique investment opportunity on Partridge River in Aldrich. Originally a popular restaurant, this property has been transformed into a thriving apartment complex featuring three occupied rental units, providing immediate income potential. Additionally, there is room to expand with two more units, offering significant growth opportunities. The property also includes three spacious attached garages, ideal for storage or additional rental options. This location offers peace and privacy, while still being conveniently situated near local amenities. Whether you're an investor looking to expand your portfolio or someone with a vision for a mixed-use space, this one-of-a-kind property has the versatility to meet your needs. Donâ??t miss out!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$174,900
Price per sq ft:
$99
Property Type:
Multi-family
City:
Aldrich
Garage Spaces:
3
County:
Wadena
Year Built:
1940
State:
MN
Property Style:
Other
Zip Code:
56434
Interior
Finished Area:
1,764 ft2
Living Area:
1,764 ft2
Refrigerators:
Three
Basement Details:
Other
Exterior
Stories:
One
Garage Spaces:
3
Garage Size:
1,676 ft2
Foundation Size:
8,195 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
Exterior Material:
- Steel Siding
- Wood Siding
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Partridge River
Waterfront View:
River, West
DNR Lake ID#:
S9990946
WF Frontage:
390
Lake Chain Name:
N
Lake Acres:
0
Lake Depth:
0
Waterfront:
River Front
Lot & Land
Acres:
3.74
Geolocation:
46.375484, -94.93966
Lot Dimensions:
390 x 492 x 400 x 245
Schools
School District:
2170
District Phone:
218-894-2430
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Gross Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
None
Tenant Expenses:
Fuel, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,392
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$1,392
Income
Annual Gross Income:
$25,200
Units
Total Units:
3
Miscellaneous
Fuel System:
Propane
Owner Occupied:
No
Sewer System:
Tank with Drainage Field
Water System:
- Drilled
- Submersible - 4 Inch
- 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.
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 Realty Group LLC.
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.