Forest Lake, MN 55025 407 1st Avenue NW
$339,900
20 more
Presented By: Elite Realty Minnesota
Beds • 4
Baths • 2
SQFT • 1,900
Garage • 2
Home Details
This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
Presented By: Elite Realty Minnesota
Interior Features for 407 1st Avenue NW
Other Interior Features
Above Grade Finished Area1900
BasementCrawl Space, Shared Access, Stone/Rock, Sump Pump
Basement (Y/N)Yes
Below Grade Finished Area0
FuelNatural Gas
Garage Dimensions24x26
Garage Door Width7
Garage Square Feet624
General for 407 1st Avenue NW
AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces2
CityForest Lake
Construction MaterialsVinyl Siding, Wood Siding
ContingencyNone
CountyWashington
DirectionsHwy 61 to Broadway Ave; WEST to 4th St NW; NORTH to duplex
Electric Expense4500
Fuel Expense300
Garage Spaces2
Gross Income33985
HeatingForced Air
High School DistrictForest Lake
Insurance Expense2529
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Lot Size UnitsAcres
MaintenanceExpense3144
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense15259
OwnerPaysInsurance, Repairs, Sewer, Trash Collection
PostalCityForest Lake
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAsphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHoules Jw Add
Tax Annual Amount2856
Tax Year2024
Tenant PaysCable TV, Electricity, Grounds Care, Trash Collection
TopographyLevel
Trash Expense467
Water Sewer Expense1175
Year Built1890
Zoning DescriptionResidential-Multi-Family
Exterior for 407 1st Avenue NW
Building Area Total2300
Foundation Area1350
Lot Dimensions50x150
Lot FeaturesTree Coverage - Medium
Lot Size Area0.17
Parking FeaturesAttached Garage, Concrete
Road Frontage TypeCity Street
Water SourceCity Water/Connected
Additional Details
Price History
David Pope
Realtor® MN and WI