NOT LISTED FOR SALE

120 Washburn Ave Belgrade, MN 56312

3 Beds
2 Baths
1,000 Sq Ft
2.3 Acres

Last Sold March 03, 2023

Last sale price $400,000 $400 Per Sq Ft

About This Home

As of March 2023

Great Investment Opportunity with 11% Cap Rate & Seller Financing Options Available. 14 Unit mobile home park in great condition with many recent updates including new storm shelters, water meters, electrical pedestals, storage sheds, parking pads, and 4 newer trailers. $5,000+ in monthly rental income with 3 vacant pads to fill for additional cash flow plus one vacant trailer. Six trailers are tenant owned with each paying $250 in rent plus water/sewer. Five trailers are owned by seller producing $850-$1000 in monthly rent. Storage shed on site for owners’ personal property and plenty of off street parking for guests. No vacancies in this growing area with many successful businesses needing employees and housing.

Last Agent to Sell the Property

Matt Imdieke

Central MN Realty LLC Listed on: 12/19/2022

Central MN Realty LLC

Last Buyer's Agent

Matt Imdieke

Central MN Realty LLC Listed on: 12/19/2022

Central MN Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,104

Year Built

  • Built in 1980

Lot Details

  • 2.3

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 290x400
  • Forced Air Heating System

Community Details

  • 4 Units
  • Kalkmans Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel, gas, water
  • The owner pays for snow removal, trash collection, water
  • Assessor Parcel Number 44273080000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,104

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1980
  • Above Grade Finished Sq Ft: 1000
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 1000
  • Owner Pays: Snow Removal, Trash Collection, Water
  • Basement YN: No
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 3

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Belgrade-Brooten-Elrosa
  • SchoolDistrictNumber: 2364
  • SchoolDistrictPhone: 320-346-2278

Lot Info

  • Topography: Level
  • Lot Size: 290x400
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 8744.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 44273080000
  • Tax Annual Amount: 3104
  • TaxWithAssessments: 3104.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel, Gas, Water
  • Resident Manager Expense: 3000

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $400,000 -5.9% $400 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/19/2022 12/19/22 For Sale $425,000 -- $425 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6317908

NorthstarMLS