For Sale: Wyoming MLS# 6675031
Active
$649,000
Multi-family: Four Plex
Built 1983
3,684 sqft • 0.44 acres
Forest Lake schools
MLS# 6675031
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Property Description
Investment Opportunity in the heart of Wyoming! This well-maintained 4-plex is fully leased with excellent tenants who cover their own electric, cable, and internet. Just under 7% cap rate makes this a great option to add as an investment. Each unit features a spacious living room, dining area, kitchen, two bedrooms, and a bathroom. The lower-level units offer lookout windows, while the upper units have decks. Most windows have been replaced, and all tenants have access to a shared laundry room at no additional cost. A detached 5-car garage provides additional convenience. Prime location near restaurants, schools, library, biking/walking paths, and easy access to I-35. Donâ??t miss this fantastic investment opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$649,000
Price per sq ft:
$176
Property Type:
Multi-family
City:
Wyoming
Garage Spaces:
5
County:
Chisago
Year Built:
1983
State:
MN
Property Style:
Four Plex
Zip Code:
55092
Interior
Finished Area:
3,684 ft2
Living Area:
3,684 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
5
Garage Size:
1,000 ft2
Foundation Size:
1,842 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Detached
- Garage Door Opener
- Guest Parking
- Multiple Garages
- Parking Lot
Shared Amenities:
- Common Garden
- Common Laundry
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
- Metal Siding
- Vinyl Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.44
Geolocation:
45.3358866328, -92.9937020599
Lot Dimensions:
125 x 175 x 125 x 150
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
- Corner Lot
- Tree Coverage - Medium
Schools
School District:
831
District Phone:
651-982-8103
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$420
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,100
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,596
Annual Trash Expense:
$1,600
Annual Water/Sewer Expense:
$1,040
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,179
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,586
Income
Annual Gross Income:
$54,480
Units
Total Units:
4
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
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Realty Executives Top Results.
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.