For Sale: Thief River Falls MLS# 6555827
Active
$450,000
Commercial: Apartments
Built 1976
Thief River Falls schools
MLS# 6555827
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Property Description
10 plex apartment building for sale. (1) 2 bedroom and (9) 1 bedroom, all with 1 full bath. No vacancies. Currently offered at a 10% cap rate.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$450,000
Property Type:
Commercial
City:
Thief River Falls
County:
Pennington
Year Built:
1976
State:
MN
Property Style:
Apartments
Zip Code:
56701
Subdivision Name:
Aasebys Second Sub
Interior
Ranges:
Six or More
Refrigerators:
Six or More
Appliances Included:
- Electric Water Heater
- Range
- Refrigerator
Basement Details:
Crawl Space
Exterior
Stories:
One
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Other Parking Spaces:
20
Air Conditioning:
None
Foundation Size:
4,328 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
Gravel
Shared Amenities:
None
Road Frontage:
Township
Exterior Material:
- Fiber Board
- Vinyl Siding
Roof Details:
Architecural Shingle
Lot & Land
Geolocation:
48.0981602821, -96.1443162715
Inclusions:
Building, Land
Lot Dimensions:
200X219
Zoning:
Residential-Multi-Family
Lot Description:
Additional Land Available
Farm
Topography:
Level
Schools
School District:
564
District Phone:
218-681-8711
Expenses
Annual Electric Expense:
$9,657
Annual Fuel Expense:
$1,919
Annual Insurance Expense:
$7,411
Annual Maintenance Expense:
$1,371
Annual Gross Expense:
$25,920
Annual Trash Expense:
$1,837
Annual Water/Sewer Expense:
$2,000
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,585
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,585
Income
Annual Gross Income:
$82,800
Rent
Annual Net Income:
$56,880
Units
Total Units:
10
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
Mound Septic
Available Utilities:
Electric Separate
Water System:
- Drilled
- Shared System
- Well
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Better Homes and Gardens Real Estate First Choice.
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.