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Bigfork,MN 56628
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $35
Subdivision Fourth Add To Bigfork
MLS Listing ID 6599932
Year Built 1960
Annual Tax Amount $1,914
Tax Year 2024
Lot Size 6,098 Sqft
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!
Location
State MN
County Itasca
Zoning Business/Commercial
Interior
Heating Forced Air
Exterior
Garage Asphalt
Roof Type Metal
Building
Story One
Foundation 3400
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
New Construction false
Schools
School District Grand Rapids