NOT LISTED FOR SALE

49 Maple Blvd Babbitt, MN 55706

8 Beds
4 Baths
3,162 Sq Ft
1968 Built

Last Sold August 26, 2015

Last sale price $93,000 $29 Per Sq Ft

Highlights

  • Balcony
  • Washer and Dryer
  • Heating Available
  • Garage

About This Home

As of August 2015

GREAT INVESTMENT OPPORTUNITY of a 4-plex with years of excellent rental history in what is now a high demand/low inventory market. Even consider living here virtually free (with the revenue from other three units covering mortgage & expenses)! All apartments have 2 bedroom/1 bath units with the three smaller apartments having an open kitchen/dining/living space. The spacious Unit 1, previously the owner's residence, has a fabulous new bath & kitchen (complete with cherry cabinetry & ss appliances), fireplace & outdoor balcony. Other amenities include on-site laundry, paved parking, single stall attached garage, large 24' x 30' insulated/heated garage, garden & extra large landscaped yard.

Last Agent to Sell the Property

Wendy Johnson

Keller Williams Classic Realty Northwest License #20553505 Listed on: 07/22/2015

Keller Williams Classic Realty Northwest

Last Buyer's Agent

Wendy Johnson

Keller Williams Classic Realty Northwest License #20553505 Listed on: 07/22/2015

Keller Williams Classic Realty Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,915

Year Built

  • Built in 1968

Parking

  • Garage

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,162 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Heating Available
  • Well

Additional Features

  • Balcony
  • Lot Dimensions are 125 x 165

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,534
  • Utility Expense $3,960
  • Gross Income $21,120
  • Net Operating Income $12,441

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,915

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Percent Of Bsmnt Finished: 100
  • Real Estate Tax: 1914.7
  • Type: Fourplex
  • Year Built: 1968
  • Lot Size Length: 125
  • Lot Size Width: 165
  • Utilities Expenses: 3960
  • Insurance Expenses: 1534
  • Laundry Storage: Extra Storage, Washer/Dryer
  • Net Income: 12441
  • Projected Income: 21120
  • Rent: Month To Month
  • Repairs Maint Expenses: 510
  • Total Expense: 8679
  • Total Income: 21120
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 3162
  • Basement: Full
  • Other Income: 4200

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle
  • Outside Features: Balcony

Garage/Parking

  • Parking: Parking Area, Garage, Paved, Five To Ten Cars

Utilities

  • Cooling: Multi Window A/C, Ductless Air
  • Utilities: City Sewer, City Water, Well
  • Heating: Electric

Fee Information

  • Rent Income: 16920

Lot Info

  • Zoning: res

Rental Info

  • Actual Income: 11504
  • Other Expenses: 200

Multi Family

  • Management Expenses: 1200
  • Number Of Units: 4

Tax Info

  • Taxes: 1,275

Range of Values:

--
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
08/26/2015 08/26/15 Sold $93,000 -- $29 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wendy Johnson

    Seller's Agent in 2015

    Wendy Johnson

    Keller Williams Classic Realty Northwest

    (218) 349-7731

    57 Total Sales

    Wendy Johnson
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Map

Source: Range Association of REALTORS®

MLS Number: 126796

Range Association of REALTORS®

APN: 105-0053-00680

Minnesota St Louis County Babbitt 55706

49 Maple Blvd, Babbitt, MN

Not Listed for Sale

MultiFamily

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