101 7Th Ave W, Floodwood, MN

Name: 101 7Th Ave W, For Sale in Floodwood - Zoocasa
Brand: Michael Hoffman Realty
SKU: 6127016
Price: 205900 USD

House

For Sale

Listed price in listed location currency (USD).

$205,900

650

MLS® 6127016

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 3120 sqft

Garage

Taxes $3,536

Days Active 56

Lot Size 0 Acres

Approx. Age 1965

Avg. Price Per Sqft $65

MLS® Number 6127016

Property Address: 101 7th Ave W, Floodwood, MN, 55736-1212

Average square foot calculated using Size range provided by listing agent.

Description

Awesome 4-plex on the main drag in Floodwood with freshly painted exterior and basement! Investor opportunity! Fully occupied four-unit apartment building with a strong rental history and excellent income potential. Current scheduled gross rents total $3, 700 per month ($44, 400 annually). Historical operating expenses indicate an estimated Net Operating Income (NOI) of approximately $33, 449 per year, resulting in an estimated 15.9% cap rate at the current asking price. Estimated cash flow analysis and income/expense summary are available upon request. One long-term tenant is currently paying below-market rent, providing additional upside potential for future income growth. Buyer to verify all financial information. The selling entity is owned by two licensed real estate professionals.

MLS® Number6127016

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1965

BasementFull

Driveway

Garage Spaces

HeatForced Air

A/C

Extras

Map

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