NOT LISTED FOR SALE
8 Beds
8 Baths
4,488 Sq Ft
0.28 Acres

Last Sold July 01, 2024

Last sale price $600,000 $134 Per Sq Ft

60 Days on Market

Highlights

  • 4 Car Attached Garage
  • Eat-In Kitchen
  • Ceiling Fan
  • Franklin Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Welcome to an outstanding investment opportunity! This four-plex, featuring four 2-bedroom, 2-bathroom units, each spanning 1,122 square feet, is a prime choice for investors seeking a lucrative addition to their portfolio. The convenience factor is evident in every unit, as each comes equipped with its own garage, laundry and storage space. The property's well-built and maintained structure adds to its appeal, ensuring a solid and reliable investment for investors. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Located in a sought-after area, this four-plex is a simple, comfortable, and practical choice for those looking to maximize their investment potential. Act now to seize this opportunity – schedule a showing today! Tenants require a 24-hour notice. Agent is related to seller.

Last Agent to Sell the Property

Candee Deichman

CENTURY 21 ATWOOD License #40383097 Listed on: 01/18/2024

CENTURY 21 ATWOOD

Last Buyer's Agent

Jenna Laughlin

TRUE REAL ESTATE License #40723351

TRUE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,926

Year Built

  • Built in 1998

Lot Details

  • 0.28 Acre Lot

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Quadruplex
  • Bi-Level Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Metal Siding

Interior Spaces

  • 4,488 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Natural lighting in basement

Location

  • Ground Level
  • Upper Level

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number R01-09-07-282-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,926

Year Built

Built in 1998

Lot Details

0

Parking

4

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Construction: Previously Owned
  • Foundation Size: 1122
  • L V T Date: 01/18/2024
  • Mechanicals: Water Heater - Gas
  • Parcel Number: R01-09-07-282-012
  • Rental License: Yes
  • Stories: Bi-Level Split
  • Street Designation: Street
  • Estimated Number of Acres: 0.28
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 8
  • Total Bathrooms: 8
  • Basement Features: Daylight/Lookout Windows, Finished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2244
  • Total Fin Square Footage: 4488
  • Total Square Footage: 4488
  • Below Grade Finished Sq Ft: 2244

Exterior Features

  • Frontage Road: City, Curb/Gutters, Paved
  • Construction Type: Frame/Wood
  • Exterior: Metal
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Attached
  • Number Garage Spaces: 4

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Rental Info

  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 1998

Tax Info

  • Year: 2023
  • Tax Value: 6926

MLS Schools

  • School District: Mankato #77

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 Prior Sale
07/01/2024 07/01/24 Sold $600,000 -6.1% $134 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $639,000 +33.1% $142 / Sq Ft
05/01/2020 05/01/20 Sold $480,000 -8.6% $214 / Sq Ft View Prior Sale
03/13/2020 03/13/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $525,000 -- $234 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $10,458 $758,500 $145,600 $612,900
2024 $11,114 $758,500 $145,600 $612,900
2023 $6,926 $823,200 $152,300 $670,900
2022 $7,114 $487,400 $90,200 $397,200
2021 $6,758 $461,700 $85,400 $376,300
2020 $6,738 $435,400 $80,500 $354,900
2019 $6,754 $435,400 $80,500 $354,900
2018 $6,986 $435,400 $80,500 $354,900
2017 $6,720 $454,000 $77,200 $376,800
2016 $6,704 $454,000 $77,200 $376,800
2015 $64 $454,000 $77,200 $376,800
2014 $5,808 $438,900 $74,600 $364,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7034144

REALTOR® Association of Southern Minnesota