NOT LISTED FOR SALE

1315 Bixby Ave NE Bemidji, MN 56601

Estimated Value: $251,000 - $273,000

6 Beds
3 Baths
1,832 Sq Ft
$142/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $260,000 $142 Per Sq Ft

Current estimated payment $1,713/month

14 Days on Market

About This Home

As of June 2024

STUNNING CASH FLOW DUPLEX NEAR BSU-GREAT CONDITION!!! Are you ready to invest in a prime real estate opportunity? Whether you're a seasoned investor or looking to start your real estate portfolio, this duplex offers a fantastic investment opportunity with strong potential for appreciation. This immaculate cash flow duplex, ideally situated near BSU, the proximity ensures a consistent demand for rental properties in the area, keeping vacancy rates low and income high. And being just a stone's throw from the tranquil shores of Lake Bemidji, this duplex offers the perfect blend of location, condition, and income potential. Don't miss out on this fantastic investment!

Last Agent to Sell the Property

Parker Cermak

Real Broker, LLC Listed on: 03/15/2024

Last Buyer's Agent

Parker Cermak

Real Broker, LLC Listed on: 03/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,630

Year Built

  • Built in 1912

Lot Details

  • 6,970

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 50x140
  • Boiler Heating System

Community Details

  • 2 Units
  • Third Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for trash collection, water
  • Assessor Parcel Number 800146300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,630

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1912
  • Above Grade Finished Sq Ft: 1588
  • Water Sewer Expenses: 900
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 1832
  • Below Grade Finished Sq Ft: 244
  • Owner Pays: Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 7
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Garage Square Feet: 480

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Bemidji
  • SchoolDistrictNumber: 31
  • SchoolDistrictPhone: 218-333-3100

Lot Info

  • Lot Size: 50x140
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 2400.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 800146300
  • Tax Annual Amount: 3630
  • TaxWithAssessments: 3630.0000

Multi Family

  • TenantPays: Electricity, Fuel
  • FuelExpense: 100
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Jun 18, 2024
Sold by
Gerads Chad and Gerads Larissa
Bought by
Olson Eric and Olson Jennifer
Seller's Agent
Parker Cermak
Real Broker, LLC
Buyer's Agent
Parker Cermak
Real Broker, LLC
List Price
$269,900
Sold Price
$260,000
Premium/Discount to List
-$9,900
-3.67%
Views
17
Current Estimated Value
$260,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$841
Avg. Annual Appreciation
-2.60%
Original Mortgage
$257,600
Outstanding Balance
$255,736
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
-$4,091

Purchase Details

Closed on
Jun 27, 2012
Sold by
Graham James C and Graham Donna J
Bought by
Gerads Chad J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.77%
Mortgage Type
Commercial
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Olson Eric $260,000 --
Gerads Chad J $142,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Eric $257,600
Previous Owner Gerads Chad J $116,250
Previous Owner Gerads Chad J $112,000
Previous Owner Graham James C $32,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $260,000 -3.7% $142 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $269,900 -- $147 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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
2024 $3,886 $241,400 $15,000 $226,400
2023 $3,886 $241,400 $15,000 $226,400
2022 $3,534 $217,100 $15,000 $202,100
2021 $3,438 $174,800 $11,600 $163,200
2019 $3,028 $174,800 $11,600 $163,200
2018 $2,236 $145,500 $11,600 $133,900
2016 $1,958 $133,200 $11,600 $121,600
2015 $1,886 $128,400 $0 $0
2014 $1,820 $128,400 $0 $0
2011 $2,604 $130,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6503215

NorthstarMLS

APN: 80.01463.00