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Active NEW!
$335,000
/mo Edit
Multi-family:  Triplex
7 br • 3 ba • Built 1930
3,560 sqft • 0.21 acres
MLS# 7046112
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    Property Description

    Owner-occupy or expand your portfolio with this triplex offering income potential and flexibility. Property includes two main floor 2-bedroom units and one remodeled 3-bedroom unit. All units are occupied, with two (a two bedroom unit and the three bedroom unit) currently on month-to-month leases. A garage addition completed in 1999 added common hallways and three separate stalls, giving each tenant dedicated parking. Situated on a corner lot, this property also features vinyl siding, a steel roof, and a solid rental history. Tenants pay electric, trash and cable/internet. Convenient location just 15 minutes south of Hutchinson with quick access to Hwy 212 for an easy commute to the SW Metro.

    Listing

    Contingency: None
    Price per sq ft: $94
    City: Brownton
    County: McLeod
    State: MN
    Property Style: Triplex
    Zip Code: 55312
    Subdivision Name: Inc Tadsens

    Interior

    Living Area: 3,560 ft2
    Refrigerators: Three
    Basement Details:
    • Concrete
    • Drain Tiled
    • Egress Window(s)
    • Finished
    • Full
    • Sump Basket
    • Sump Pump

    Exterior

    Stories: One
    Garage Spaces: 3
    Garage Dimensions: 26x36
    Garage Size: 936 ft2
    Garage Door Height: 7
    Garage Door Width: 8
    Foundation Size: 1,800 ft2
    Foundation Dimensions: 55x33
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Boiler
    Parking Features: Attached Garage
    Shared Amenities:
    • Coin-op Laundry Owned
    • Laundry
    Road Frontage: City Street
    Roof Details: Metal

    Rooms

    Shared Rooms: Other
    Laundry:
    • Common Area
    • Laundry Room
    • Lower Level

    Lot & Land

    Acres: 0.21
    Geolocation: 44.730328, -94.353702
    Lot Dimensions: 75 x 122
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 1288
    District Phone: 3208642498

    Expenses

    Annual Caretaker Expense: $1,020
    Annual Electric Expense: $551
    Annual Fuel Expense: $2,067
    Annual Insurance Expense: $3,960
    Annual Maintenance Expense: $1,020
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $2,635
    Tenant Expenses: Cable TV, Electricity, Telephone, Trash Collection

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,040
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,040

    Income

    Annual Gross Income: $33,000
    Misc. Annual Income: $900
    Misc. Monthly Income: $75

    Rent

    Annual Net Income: $22,130

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    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.
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