612-656-1200

2-8 1st St Street
Deer River, MN 56636
MLS #4683066

Commercial
  • 0.25acres
$85,000
Est. P&I payment: $324.64/mo
2-8 1st St Street, Deer River, MN 56636
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Description for 2-8 1st St Street, Deer River, MN 56636
Great cash flow to this building and a good investment. Located on a major highway with good exposure and easy access. This property features two spacious apartments and three commercial/office spaces. A well-maintained building with convenient off street parking for tenants and public. New roof in 2016. Seller will look at offer.
MLS #4683066
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My Notes for MLS #4683066

General Features

  • Acres: 0.25
  • Current Use: Business Service,​Professional Service,​Residential,​Other
  • Foreclosure Status: No
  • Year Built: 1950
  • Sale Includes: Building,​Land
  • Total Number of Units: 5
  • Status: Active

Exterior Features

  • Exterior: Other
  • Parking Characteristics: Other
  • Road Frontage: City
  • Lot Description: Corner Lot
  • Lot Dimensions: 75x140
  • Other Parking Spaces: 10

Interior Features

  • Building Finished Square: 7,560
  • Handicap Accessible: Other
  • Basement: Partial
  • Roof: Rubber
  • Number of 1 Bedroom Unit: 1
  • Number of 2 Bedroom Unit: 1

Utilities Features

  • Appliances: Range,​Cooktop,​Refrigerator
  • Air Conditioning: Window,​Wall
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: Two
  • Number of Refrigerators: Two
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Insurance Expense: 2,015
  • Annual Maintenance Expense: 2,200
  • Total Annual Expenses: 7,419
  • Miscellaneous Annual Income: 27,300
  • Tenant Expenses: Electric
  • Unit 1 Monthly Rent: 425
  • Annual Rent 1: 5,100
  • Unit 2 Monthly Rent: 550
  • Annual Rent 2: 6,600
  • Tax Amount: 3,678
  • Tax With Assessments: 3,990.98
  • Tax Year: 2017
  • Annual Gross Income: 36,425

Community Features

  • County: Itasca
  • Municipality: Deer River
  • Postal City: Deer River (MN)

School Features

  • School District: 317 - Deer River
  • School District Phone: 218-246-2420

Misc Features

  • Foundation Size: 5,160
  • Zoning: Residential-Multi-Family,​Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 2-8 1st St Street, Deer River, MN 56636
Hwy 2 to Deer River. Property on right @ corner of 1st and Hwy 2.
The listing information for 2-8 1st St Street, Deer River, MN 56636 was graciously provided by our friends at the listing brokerage, Move it Real Estate Group/Lake

Get Financing for 2-8 1st St Street, Deer River, MN 56636

BMO Harris Bank
Daniel Bundt
MN
763-486-8492 Mobile
855-214-7158 Fax
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P&I Payment $324.64
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Last Updated 02/22/2018 at 10:00am
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