For Sale: Dodge Center MLS# 6798274
Active
NEW!
$310,000
Multi-family: Four Plex
Built 1948
2,460 sqft • 0.63 acres
Triton schools
MLS# 6798274
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Fantastic investment opportunity! This well-maintained fourplex offers four 1-bedroom, 1-bath units-all fully rented. The property provides strong cash flow and meets the 1% rule, making it an excellent addition to any investor's portfolio. Update include newer flooring in the basement units. Each side of the building offers shared laundry, and utilities are split per side for simple management. Conveniently located with easy access to the highway, tenants enjoy both comfort and accessibility. With a history of steady occupancy, this property is income-producing from day one.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$310,000
Price per sq ft:
$126
Property Type:
Multi-family
City:
Dodge Center
Garage Spaces:
2
County:
Dodge
Year Built:
1948
State:
MN
Property Style:
Four Plex
Zip Code:
55927
Interior
Finished Area:
2,460 ft2
Living Area:
2,460 ft2
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
22x20
Garage Size:
440 ft2
Foundation Size:
1,312 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Gravel
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.63
Geolocation:
44.034988, -92.858717
Lot Dimensions:
195 x 120
Schools
School District:
2125
District Phone:
507-374-2192
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$2,702
Annual Fuel Expense:
$1,950
Annual Insurance Expense:
$1,519
Annual Maintenance Expense:
$600
Annual Gross Expense:
$11,200
Annual Trash Expense:
$805
Annual Water/Sewer Expense:
$1,750
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,032
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,060
Income
Annual Gross Income:
$41,160
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of LPT Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.