For Sale: Brainerd MLS# 7057390
Active
$379,000
Commercial: Other
8 br • 6 ba • Built 1938
0.172 acres
Brainerd schools
MLS# 7057390
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Property Description
Excellent investment opportunity in the heart of the Brainerd Lakes Area. This well-maintained 6-unit property offers a strong unit mix with three two bedroom apartments, two one-bedroom units and one efficiency unit. Property has good rental history all units are month to month at this time. Additional lot is included in this property and could be developed for future use. Current owner provides his own lawn care and snow removal and would be available to contract that out in the future for any new owners. This property offers strong income potential in the highly desirable Brainerd Lakes Area. 48 hour notice for all showings.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$379,000
Property Type:
Commercial
City:
Brainerd
Garage Spaces:
0
County:
Crow Wing
Year Built:
1938
State:
MN
Property Style:
Other
Zip Code:
56401
Interior
Bedrooms:
8
Bathrooms:
6
Refrigerators:
Six or More
Appliances Included:
- Range
- Refrigerator
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
1,788 ft2
Foundation Dimensions:
Irregular
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Gravel
Road Frontage:
City Street
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.172
Geolocation:
46.3538582006, -94.1881168571
Inclusions:
Building, Leases
Lot Dimensions:
50 x 150 x 50 x 150
Addl Parcels:
41300653
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
181
District Phone:
2184546900
Expenses
Annual Fuel Expense:
$7,500
Annual Insurance Expense:
$2,640
Annual Maintenance Expense:
$500
Annual Trash Expense:
$1,010
Annual Water/Sewer Expense:
$2,700
Tenant Expenses:
Cable TV, Electricity, Sewer, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,741
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,766
Income
Annual Gross Income:
$52,000
Rent
Annual Net Income:
$37,150
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
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 Your Home Sold Guaranteed Realty Exclusive.
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.