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Listing 32 out of 63
$275,000 For Sale

225 E 3rd Street
Monticello, MN 55362

2 units | Multi Family Home
9888 sq ft lot - MLS# 5272568
Property Photo
1/40

Description

Rare duplex investment property located on a huge residential corner lot in the heart of Monticello. Home has been updated top to bottom and is ready to cash flow immediately for you. It is currently professionally managed and has a solid history of occupancy and appreciating rental income. There are multiple possibilities for owning the home. Owner occupy it and have tenants make your monthly mortgage payment, use one unit as a mother-in-law apartment or live off-site and continue to have it professionally managed while collecting your monthly profits. With over 2800 sq ft there is no shortage of living space. This home features a huge three season porch, a wood burning fire place, washer and dryers in both units, newer appliances, new paint in upper, recently painted lower, a two car garage and more. Why not set up a showing today?

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Wright County
  • Zip Code: 55362
  • Year Built: 1930
  • Subdivision/Neighborhood: Original Monticello
  • School District: 882 - Monticello
  • Sq.Ft.: 2,826 sq ft
  • Style: (MF) Duplex Up and Down
  • Units: 2 units
  • Bedrooms: 7
  • Full Baths: 3
  • Basement: Egress Windows,Full,Walkout
  • Garage: Attached, 3-Car
  • Fireplace: Wood Burning, 1
  • Lot Size: 9888 sq ft lot
  • Baths: 3
  • Above Ground Finished Sq: 1526
  • Annual Electric Expense: 288
  • Annual Fuel Expense: 920
  • Annual Gross Expense: 4439.00
  • Annual Gross Income: 33540.00
  • Annual Insurance Expense: 1762
  • Annual Maintenance Expen: 35
  • Annual Repair Expense: 530
  • Annual Water/Sewer Expen: 891
  • Below Ground Finished Sq: 1300
  • Construction Status: Previously Owned
  • Exterior: Cement Board
  • Foundation Size: 1526
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Lot Description: Corner Lot
  • Lot Dimensions: 75x123
  • MLS ID: RMLS
  • Number Of Ranges: Two
  • Number Of Refrigerators: Two
  • Parking Characteristics: Attached Garage, Uncovered/Open
  • Postal City: Monticello (Mn)
  • Road Frontage: City
  • Roof: Asphalt Shingles
  • Sewer: City Sewer/Connected
  • Sqft Above Ground Total: 1526.00
  • Sqft Below Ground Total: 1300.00
  • Sqft Main Total: 1526.00
  • Sqft Total: 2826.00
  • Tenant Expenses: Electric, Trash
  • Total Annual Expenses: 4439
  • Water: City Water/Connected
  • Zoning: Residential-Single, Residential-Multi-Family
Courtesy of Bullseye Properties & Realty

Contact Us

12908 1st Street

Becker, MN 55308

(763) 207-6683

 

1310 2nd Street N

Sauk Rapids, MN 56379

(320) 255-1911

 






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