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For Sale:  Brainerd MLS# 7080033

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Active NEW!
$224,000
/mo Edit
Multi-family:  Duplex Up and Down
2 br • 2 ba • Built 1900
1,110 sqft • 0.16 acres
Brainerd schools
MLS# 7080033
763-576-8286
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    Property Description

    Updated duplex investment opportunity in Brainerd! Lower level unit is vacant and ready for showings, upper unit is currently occupied and requires a mininum of 24 hour notice. Property features numerous updates throughout, including new kitchen cabinets in the lower-level, upper-level has new range in 2024, updated flooring and paint throughout, and new water heater. Detached garage adds additional storage and convenience. Excellent opportunity for an owner-occupant looking to offset their mortgage by living in one unit and renting the other, or for an investor seeking a turnkey addition to their portfolio with upside potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $224,000
    Price per sq ft: $202
    Property Type: Multi-family
    City: Brainerd
    Garage Spaces: 1
    County: Crow Wing
    Year Built: 1900
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56401
    Subdivision Name: Second Add Brainerd

    Interior

    Bedrooms: 2
    Bathrooms: 2
    Finished Area: 1,110 ft2
    Living Area: 1,110 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Partial
    • Unfinished

    Exterior

    Stories: Two
    Garage Spaces: 1
    Garage Dimensions: 20 x 24
    Garage Size: 480 ft2
    Foundation Size: 459 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached Garage
    • Gravel
    Road Frontage:
    • City Street
    • Curbs
    • Sidewalks
    Roof Details: Asphalt

    Rooms

    Laundry: Main Level

    Lot & Land

    Acres: 0.16
    Geolocation: 46.352311, -94.189166
    Lot Dimensions: 50 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 181
    District Phone: 2184546900

    Expenses

    Annual Caretaker Expense: $400
    Annual Electric Expense: $1,450
    Annual Fuel Expense: $1,014
    Annual Insurance Expense: $1,318
    Annual Maintenance Expense: None
    Annual Trash Expense: $412
    Annual Water/Sewer Expense: $949
    Tenant Expenses: Other

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,554
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,554

    Income

    Annual Gross Income: $26,160

    Rent

    Annual Net Income: $18,813

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    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 LPT Realty, LLC..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.