NOT LISTED FOR SALE

215 7th St S Virginia, MN 55792

6 Beds
2 Baths
1,680 Sq Ft
4,356 Sq Ft Lot

Last Sold January 01, 2025

Last sale price $105,000 $62 Per Sq Ft

58 Days on Market

About This Home

As of January 2025

Incredible opportunity in Virginia with a 11.2% Pro Forma Cap Rate. Add coin op washer/dryer for more income. Main level recently rehabbed and rented. New Boiler and Water Heater (2024). Garage is currently used by the neighbor who maintains snow and lawn, could be rented for additional income. Upper Level tenant has been there for 1.5 years and rent can be increased to current section 8 standards. Basement is in great shape and there is additional off street parking next to the garage. Rare opportunity to buy a unit and cashflow right away or live in one unit and the other unit rent will make your mortgage payment!

Last Agent to Sell the Property

Kyle White

RE/MAX Advantage Plus Listed on: 09/13/2024

RE/MAX Advantage Plus

Last Buyer's Agent

Joe Jump

Johnson Hometown Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,956

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Front Porch
  • Lot Dimensions are 120x35
  • Boiler Heating System

Community Details

  • 2 Units
  • Virginia 2Nd Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, gas, insurance, repairs, sewer, trash collection
  • Assessor Parcel Number 090003005080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,956

Year Built

Built in 1900

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: 1900
  • Above Grade Finished Sq Ft: 1680
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 1680
  • Owner Pays: Electricity, Gas, Insurance, Repairs, Sewer, Trash Collection
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Appliances: Range
  • Shared Rooms: Other
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • PatioPorchType: Front Porch

Utilities

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

Schools

  • Junior High Dist: Virginia
  • SchoolDistrictPhone: 218-742-3901

Lot Info

  • Lot Size: 120x35
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board
  • Units Total: 2

Rental Info

  • Expenses: 11550.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 090003005080
  • Tax Annual Amount: 1956
  • TaxWithAssessments: 1956.0000

Multi Family

  • TenantPays: Cable TV
  • ElectricExpense: 1200
  • FuelExpense: 2494
  • Number Of Refrigerators: Two

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
01/01/2025 01/01/25 Sold $105,000 -30.0% $63 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
09/30/2024 09/30/24 Price Changed $149,900 -6.3% $89 / Sq Ft
09/16/2024 09/16/24 For Sale $159,900 -- $95 / 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 $1,982 $80,000 $3,500 $76,500
2023 $1,982 $75,400 $3,500 $71,900
2022 $1,364 $48,300 $3,100 $45,200
2021 $1,200 $51,400 $3,100 $48,300
2020 $1,164 $44,200 $3,100 $41,100
2019 $922 $44,200 $3,100 $41,100
2018 $916 $38,300 $3,500 $34,800
2017 $1,116 $38,300 $3,500 $34,800
2016 $1,138 $47,000 $3,500 $43,500
2015 $1,071 $52,900 $3,500 $49,400
2014 $1,071 $52,900 $3,500 $49,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6602120

NorthstarMLS