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Presented By: eXp Realty (3523 FGO)
Welcome to this exceptional investment opportunity located close to Minnesota State University Moorhead (MSUM). This well-maintained 4-plex features two 2-bedroom units and two 1-bedroom units, generating a total monthly rental income of $2,500 with low monthly owner expenses. Tenants pay for their own heating and electricity, ensuring cost-efficient management for the owner. Situated on a desirable corner lot, this property boasts four new water heaters and renovated common areas. With its prime location near MSUM, ample parking, and easy access to local amenities, this 4-plex offers excellent value. Don't miss out on this fantastic investment opportunity!
Presented By: eXp Realty (3523 FGO)
Above Grade Finished Area1641
BasementConcrete
Basement (Y/N)Yes
Below Grade Finished Area1641
FuelElectric, Natural Gas
AccessibilityNone
Additional Parcels Y/NNo
CityMoorhead
Construction MaterialsWood Siding
ContingencyNone
CountyClay
Days on Market76
DirectionsHeading east on Main Ave. turn South at 16th St. S.
Electric Expense600
Fuel Expense600
Garage Spaces
Gross Income30840
HeatingForced Air
High School DistrictMoorhead
Insurance Expense1500
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Lot Size UnitsAcres
MaintenanceExpense0
NST_SqFtTotal3282.00
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense8678
PostalCityMoorhead
Property SubTypeQuadruplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSchreibers Add
Tax Annual Amount3470
Tax Year2024
Tenant PaysElectricity
Trash Expense1200
Water Sewer Expense1200
Year Built1951
Foundation Area1641
Lot Dimensionsn/a
Lot Size Area0.24
Water SourceCity Water/Connected
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