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Listing Details
- $315,000
- MLS# 7073007
- Type Multi Unit - Multiple
- Status Contingent
Listed By
Agency Name: REAL (3961 WF)
Agency Phone: 605-949-2763
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
Description
This 4plex was built in 1984 BY THE OWNER.He's owned it for over 40 years.Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.Each unit has a garage stall.Current rents compared to market rents:Unit 1 (2 bed)-$600-->$750Unit 2 (2 bed)-$450-->$750Unit 3 (2 bed)-$625-->$750Unit 4 (3 bed)-$650-->$900Gross rents if rents are improved: $3,150Opportunity to go higher if units had updated cosmetics.Laundry income also averages about $75/ month on top of that.Owner pays electric for common space hallway and water/sewer/garbage for the building.Tenants pay...read more
Features
- Heating: Baseboard
- Taxes: $4,275
- Water: City Water/Connected
- Year Built: 1984
Gallery
Listed By
Agency Name: REAL (3961 WF)
Agency Phone: 605-949-2763
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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