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For Sale:  New Prague MLS# 7087349

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Active NEW!
$649,900
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1976
3,876 sqft • 0.39 acres
New Prague Area schools
MLS# 7087349
763-576-8286
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    Property Description

    Excellent investment opportunity in New Prague! This well-maintained 4-plex features four 2-bedroom, 1-bath units with strong rental history and recently renewed one-year leases, providing immediate and stable cash flow for the new owner. Each unit offers its own laundry room, deck or patio, and separately metered utilities. Major updates include newer roof, siding, and windows, helping minimize future maintenance expenses. The property also features a large parking lot and attractive outdoor living spaces for tenants. Whether you're a seasoned investor or looking to add your first multifamily property to your portfolio, this turnkey investment offers reliable income and long-term potential in the growing New Prague market. Schedule your showing today!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $649,900
    Price per sq ft: $168
    Property Type: Multi-family
    City: New Prague
    Garage Spaces: 0
    County: Scott
    Year Built: 1976
    State: MN
    Property Style: Fourplex
    Zip Code: 56071
    Subdivision Name: Bohnsacks Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,876 ft2
    Living Area: 3,876 ft2
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,938 ft2
    Handicap Accessible: None
    Heating System: Baseboard
    Parking Features:
    • Gravel
    • Parking Lot
    Shared Amenities:
    • Deck
    • Patio

    Rooms

    Laundry:
    • In Unit
    • Laundry Room

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.39
    Geolocation: 44.546725, -93.585792
    Lot Dimensions: 113 x 150
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Tree Coverage - Light

    Schools

    School District: 721
    District Phone: 9527581700

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $4,116
    Annual Maintenance Expense: None
    Annual Trash Expense: $250
    Annual Water/Sewer Expense: $250
    Tenant Expenses: Cable TV, Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,580
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,580

    Income

    Annual Gross Income: $53,400

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of South Metro Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.