For Sale: Brainerd MLS# 6783594
Pending
NEW!
$269,000
Multi-family: Four Plex
Built 1920
2,941 sqft • 0.19 acres
Brainerd schools
MLS# 6783594
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Property Description
Investment opportunity in a desirable Brainerd neighborhood! This well-maintained fourplex features two spacious 2-bedroom units and two comfortable 1-bedroom units, offering a balanced rental mix to attract a variety of tenants.
The property has seen key updates, including all new windows throughout the building and a new water heater, providing efficiency. Tenants will appreciate the convenient location close to schools, parks, shopping, and downtown amenities.
With strong rental potential in a great neighborhood, this property is a smart addition to any investor’s portfolio.
Don’t miss this chance to own a solid income-producing property in a prime location!
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$269,000
Price per sq ft:
$91
Property Type:
Multi-family
City:
Brainerd
Garage Spaces:
0
County:
Crow Wing
Year Built:
1920
State:
MN
Property Style:
Four Plex
Zip Code:
56401
Subdivision Name:
Town Of Brainerd & First Add Bra
Interior
Finished Area:
2,941 ft2
Living Area:
2,941 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
988 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Gravel
- Shared Driveway
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.19
Geolocation:
46.360827, -94.198717
Lot Dimensions:
60X140
Zoning:
Residential-Multi-Family
Schools
School District:
181
District Phone:
218-454-6900
Expenses
Annual Caretaker Expense:
$1,200
Annual Electric Expense:
$636
Annual Fuel Expense:
$5,900
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
$2,500
Annual Gross Expense:
$13,756
Annual Trash Expense:
$660
Annual Water/Sewer Expense:
$1,260
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,386
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,068
Income
Annual Gross Income:
$38,400
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 LPT Realty, LLC.
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.