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305 Main AVE Bigfork, MN 56628
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Key Details
Sold Price $82,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $24
Subdivision Fourth Add To Bigfork
MLS Listing ID 6599932
Sold Date 01/24/25
Style (MF) Triplex
Bedrooms 4
Year Built 1960
Annual Tax Amount $1,914
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60x92x62x109
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
Community Fourth Add To Bigfork
Direction Follow hwy 38 to address. no sign on property.
Rooms
Basement Concrete Block
Interior
Heating Forced Air
Laundry In Unit
Exterior
Parking Features Driveway - Asphalt
Roof Type Metal
Accessibility No Stairs Internal
Porch Deck
Building
Water City Water/Connected
Architectural Style (MF) Triplex
Structure Type Brick
Others
Senior Community No
Tax ID 854400220
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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