116 2nd St S Virginia, MN 55792
Estimated payment $659/month
Total Views
18,682
5
Beds
3
Baths
2,109
Sq Ft
$50
Price per Sq Ft
About This Home
SELLER MOTIVATED! ASK ABOUT A BUNDLE DEAL THAT INCLUDES 3 OTHER PROPERTIES! This triplex is a prime opportunity for investors or those seeking a project in a growing area. Located just minutes from prime downtown Virginia, MN, and conveniently close to Highway 53, this property offers easy access to local businesses, including the popular Dave’s Pizza and other surrounding small shops. The property features three separate units, each with its own living area and kitchen. While the building is in need of some TLC, it has several key updates already in place, including newer HVAC, plumbing, and electrical meters. With a little vision and elbow grease, this property has tremendous potential to be a lucrative investment or a charming multi-unit rental in a growing neighborhood. Don't miss your chance to own this versatile triplex in a great location! Schedule a showing today to see the possibilities for yourself.
Listing Agent
Keller Williams Classic Realty Northwest License #40739435 Listed on: 01/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $952
Year Built
- Built in 1906
Lot Details
- Lot Dimensions are 120 x 50
Home Design
- 2,109 Sq Ft Home
- Triplex
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $2,804
- Utility Expense $10,137
- Gross Income $32,520
- Net Operating Income $18,627
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $1,180 | $45,400 | $5,100 | $40,300 |
| 2022 | $948 | $29,700 | $4,400 | $25,300 |
| 2021 | $1,180 | $50,500 | $4,400 | $46,100 |
| 2020 | $1,144 | $43,500 | $4,400 | $39,100 |
| 2019 | $1,026 | $43,500 | $4,400 | $39,100 |
| 2018 | $1,020 | $42,600 | $5,000 | $37,600 |
| 2017 | $1,256 | $42,600 | $5,000 | $37,600 |
| 2016 | $1,278 | $52,000 | $5,000 | $47,000 |
| 2015 | $1,290 | $58,400 | $5,000 | $53,400 |
| 2014 | $1,205 | $58,400 | $5,000 | $53,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2025 06/03/25 | Price Changed | $104,999 | -4.5% | $50 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $109,999 | -8.3% | $52 / Sq Ft |
| 01/31/2025 01/31/25 | Price Changed | $119,999 | -17.2% | $57 / Sq Ft |
| 01/22/2025 01/22/25 | For Sale | $145,000 | -- | $69 / Sq Ft |
Source: Range Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500 | None Listed On Document | |
| Contract Of Sale | $200,000 | -- | |
| Interfamily Deed Transfer | -- | Attorney | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $47,251 | Consolidated Title & Abstrac | |
| Warranty Deed | $25,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $35,400 | Commercial |
Source: Public Records
Similar Homes in Virginia, MN
Source: Range Association of REALTORS®
MLS Number: 147869
APN: 090001012060
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