For Sale: North Branch MLS# 6710254
Active
NEW!
$539,000
Multi-family: Triplex
Built 1984
3,960 sqft • 0.23 acres
North Branch schools
MLS# 6710254
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Property Description
Fantastic opportunity for owner-occupants or savvy investors! This unique triplex features three units
plus a non-conforming 4th unit, offering a fantastic opportunity for additional rental income or multi-generational living. Property layout includes:
Unit 1: Bright and spacious 3-bedroom, 1-bath unit â?? ideal for families or long-term tenants.
Unit 2: Efficient and inviting 1-bedroom, 1-bath â?? perfect for singles, couples, or short-term stays.
Unit 3: Comfortable 2-bedroom, 1-bath unit â?? a reliable income-producing rental. Remodeled in 2022.
Unit 4: Non-conforming 2-bedroom, 1-bath unit â?? currently rented, providing extra income. Remodeled in 2023.
Each unit has its own charm, and the property offers strong rental history with value-add potential.
Whether you're looking to expand your portfolio or live in one unit while renting the others, this property is packed with upside..
Listing
Listing Status:
Active
Contingency:
None
List Price:
$539,000
Price per sq ft:
$136
Property Type:
Multi-family
City:
North Branch
Garage Spaces:
3
County:
Chisago
Year Built:
1984
State:
MN
Property Style:
Triplex
Zip Code:
55056
Subdivision Name:
Gregors Add
Interior
Finished Area:
3,960 ft2
Living Area:
3,960 ft2
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Single Tenant Access
Exterior
Stories:
One
Garage Spaces:
3
Garage Dimensions:
33 x 21
Garage Size:
693 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
2,048 ft2
Foundation Dimensions:
32 x 76
Handicap Accessible:
None
Heating System:
Baseboard
Exterior Material:
- Brick/Stone
- Stucco
Lot & Land
Acres:
0.23
Geolocation:
45.51326, -92.988458
Lot Dimensions:
100 x 100
Schools
School District:
138
District Phone:
651-674-1000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,221
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,230
Annual Maintenance Expense:
$1,138
Annual Gross Expense:
$57,600
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,087
Tenant Expenses:
Electricity, Gas, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,738
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,738
Income
Annual Gross Income:
$57,600
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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Listing provided by RMLS,
courtesy of Twin Cities Real Estate.
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.