For Sale: Motley MLS# 6818624
Active
NEW!
$240,000
Multi-family: Triplex
5 br • 4 ba • Built 1918
1,674 sqft • 0.172 acres
MLS# 6818624
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Property Description
Cash flow in the country! This fully occupied triplex in Motley offers a strong start—or addition—to any real estate portfolio. The property features a brand-new roof and three well-maintained units, each with separately metered gas and electric paid by the tenants, giving you immediate, worry-free income from day one. There’s also an opportunity for an owner-occupant buyer, with units available that allow you to move in with a low down payment and live for little to no cost while building long-term equity Two 1 bed units rented at $750, the 4 bedroom unit rented for $1250, and 3 garage units gain an additional $300/MO equaling $3, 050 in total monthly income for the property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$240,000
Price per sq ft:
$143
Property Type:
Multi-family
City:
Motley
Garage Spaces:
3
County:
Morrison
Year Built:
1918
State:
MN
Property Style:
Triplex
Zip Code:
56466
Subdivision Name:
1st Add
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
1,674 ft2
Living Area:
1,674 ft2
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
864 ft2
Foundation Size:
1,674 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Attached Garage
Lot & Land
Acres:
0.172
Geolocation:
46.334841, -94.647006
Lot Dimensions:
100 x 150
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
1062
District Phone:
2188942430
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,752
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,752
Income
Annual Gross Income:
$33,000
Units
Total Units:
3
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
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
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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.