For Sale: Waverly MLS# 6789412
Active
NEW!
$225,000
Multi-family: Duplex Up and Down
Built 1900
1,386 sqft • 0.09 acres
Howard Lake-Waverly-Winst schools
MLS# 6789412
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Property Description
Duplex in Waverly, MN with strong rental income. The upper unit is on a one-year lease and the lower unit is month-to-month, offering flexibility for an investor or an excellent option for an owner-occupant.
The seller also owns the adjacent 6-plex and a mixed-use building featuring one apartment and a commercial space, for a combined total of 10 units next to each other. Preference is to sell all properties together as a package, but each may be sold separately.
This is a rare chance to secure multiple income-producing properties in one location with stable tenancy and solid cash flow. Financials are included in the supplements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$225,000
Price per sq ft:
$162
Property Type:
Multi-family
City:
Waverly
Garage Spaces:
0
County:
Wright
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55390
Subdivision Name:
Original Waverly
Interior
Finished Area:
1,386 ft2
Living Area:
1,386 ft2
Basement Details:
Crawl Space
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
693 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Exterior Material:
Shake Siding
Lot & Land
Acres:
0.09
Geolocation:
45.066664, -93.967768
Lot Dimensions:
2614
Zoning:
Residential-Multi-Family
Schools
School District:
2687
District Phone:
320-543-3521
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,922
Annual Maintenance Expense:
$600
Annual Gross Expense:
$5,996
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,598
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,598
Income
Annual Gross Income:
$21,090
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Lifecycle Real Estate Services.
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.