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For Sale:  McGregor MLS# 7080759

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Active NEW!
$305,000
/mo Edit
Multi-family:  Fourplex
5 br • 4 ba • Built 1974
3,500 sqft • 2.43 acres
Mcgregor schools
MLS# 7080759
763-576-8286
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    Property Description

    Check out this incredible investment opportunity in the heart of McGregor. This rare 4-plex offers incredible cash flow from day 1 along with value add possibilities offering incredible upside potential for the new owner. This is one you won't want to miss. Schedule your showing today! Listing agent is owner.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $305,000
    Price per sq ft: $87
    Property Type: Multi-family
    City: McGregor
    Garage Spaces: 0
    County: Aitkin
    Year Built: 1974
    State: MN
    Property Style: Fourplex
    Zip Code: 55760

    Interior

    Bedrooms: 5
    Bathrooms: 4
    Finished Area: 3,500 ft2
    Living Area: 3,500 ft2
    Refrigerators: Four
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 3,500 ft2
    Handicap Accessible: No Stairs External, No Stairs Internal
    Heating System:
    • Baseboard
    • Forced Air

    Lot & Land

    Acres: 2.43
    Geolocation: 46.611849, -93.321383
    Lot Dimensions: Irregular

    Schools

    School District: 4
    District Phone: 2187682111

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,106
    Annual Fuel Expense: $2,300
    Annual Insurance Expense: $2,243
    Annual Maintenance Expense: $289
    Annual Trash Expense: $1,909
    Annual Water/Sewer Expense: $1,838
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,374
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,374

    Income

    Annual Gross Income: $45,828

    Rent

    Annual Net Income: $33,047

    Units

    Total Units: 4

    Miscellaneous

    Fuel System:
    • Electric
    • Propane
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.