612-656-1200

120-122 NW 3rd Street
Forest Lake, MN 55025
MLS #4862724

Multi-Family
  • 2units
  • 4beds
  • 1,728sq ft
$230,000
Est. P&I payment: $878.44/mo
120-122 NW 3rd Street, Forest Lake, MN 55025
  • 120-122 NW 3rd Street, Forest Lake, MN 55025 Photo 1
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  • 120-122 NW 3rd Street, Forest Lake, MN 55025 Photo 8
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Description for 120-122 NW 3rd Street, Forest Lake, MN 55025
Have your renters pay your mortgage! New Carpet and Paint in lower level ready for new owners. 2 Bedrooms, 1 bath on each level. Separate Utilities and garage space. Nice wooded lot with fenced in back yard. Great Location by trails and a block from downtown. Easy access to I35. Great Investment Property with room to increase rent.
MLS #4862724
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My Notes for MLS #4862724

General Features

  • Propery Type: MF
  • Total Number of Units: 2
  • Year Built: 1979
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Tree Coverage - Medium
  • Lot Dimensions: 75X150
  • Status: Active
  • Style: (MF) Duplex Up and Down

Exterior Features

  • Exterior: Fiber Board
  • Fencing: Chain Link
  • Road Frontage: City,​Paved Streets
  • Parking Characteristics: Attached Garage,​Garage Door Opener
  • Garage Stalls: 2

Interior Features

  • Total Finished Square Footage: 1,728
  • Handicap Accessible: None
  • Basement: Walkout,​Full,​Finished (Livable),​Drain Tiled,​Sump Pump
  • Shared Rooms: Other
  • Above Ground Finished SqFt: 900
  • Below Ground Finished SqFt: 828
  • Unit 1 Amenities: Deck,​Natural Woodwork,​Kitchen Window,​Tile Floors
  • Unit 1 B1 Dimensions: 11x11
  • Unit 1 B1 Level: Upper
  • Unit 1 B2 Dimensions: 10x10
  • Unit 1 B2 Level: Upper
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room: Informal Dining Room
  • Unit 1 Dining Room Dimensions: 9x10
  • Unit 1 Dining Room Level: Upper
  • Unit 1 Total Expenses: 20
  • Unit 1 Kitchen Dimensions: 8x9
  • Unit 1 Kitchen Level: Upper
  • Unit 1 Living Room Dimensions: 12x14
  • Unit 1 Living Room Level: Upper
  • Unit 1 Number of Units: 2
  • Unit 1 Parking Spaces: 1
  • Unit 1 Special Rooms: Main Floor Laundry
  • Unit 1 Total Rooms: 6
  • Unit 1 Finished Square Footage: 850
  • Unit 2 Amenities: Patio,​Natural Woodwork,​Kitchen Window,​Tile Floors
  • Unit 2 Bedroom 1 Dimensions: 11x11
  • Unit 2 Bedrrom 1 Level: Lower
  • Unit 2 Bedroom 2 Level: 10x10
  • Unit 2 Bedrrom 2 Level: Lower
  • Unit 2 Bath Characteristics: Main Floor Full Bath
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Dining Room: Informal Dining Room
  • Unit 2 Dimensions: 9x10
  • Unit 2 Dining Room Level: Lower
  • Unit 2 Kitchen Dimensions: 8x9
  • Unit 2 Kitchen Level: Lower
  • Unit 2 Living Room Dimensions: 12x14
  • Unit 2 Living Room Level: Lower
  • Unit 2 Number of Units: 2
  • Unit 2 Total Rooms: 6
  • Unit 2 Finished Square Footage: 828

Utilities Features

  • Water: City Water/Connected
  • Fuel: Electric
  • Heating: Baseboard
  • Unit 1 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 1 Air: Wall
  • Unit 2 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 2 Air: Wall
  • Number of Ranges: Two
  • Number of Refrigerators: Two
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 21,600
  • Annual Gross Income: 21,600
  • Annual Insurance Expense: 1,200
  • Annual Repair Expense: 500
  • Annual Gross Expense: 2,180
  • Total Annual Expenses: 5,380
  • Annual Water/Sewer Expense: 480
  • Unit 1 Monthly Rent: 900
  • Tax Amount: 3,197
  • Tax With Assessments: 3,200
  • Tax Year: 2017
  • Tenant Expenses: Water/Sewer,​Electric

Community Features

  • Municipality: Forest Lake
  • County: Washington
  • Postal City: Forest Lake (MN)

School Features

  • School District: 831 - Forest Lake
  • School District Phone: 651-982-8103

Misc Features

  • Construction Status: Previously Owned
  • Foundation Size: 1,020
  • Homestead: No
  • Potential Short Sale: No

Location

 
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Directions to 120-122 NW 3rd Street, Forest Lake, MN 55025
HWY 61 WEST on BROADWAY, RIGHT (North) ON 3RD ST PROPERTY ON LEFT
The listing information for 120-122 NW 3rd Street, Forest Lake, MN 55025 was graciously provided by our friends at the listing brokerage, Red Key Realty

Get Financing for 120-122 NW 3rd Street, Forest Lake, MN 55025

Wintrust Mortgage
Hudson Murphy
Eagan, MN
(651) 276-2349 Office
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P&I Payment $878.44
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Last Updated 08/16/2017 at 5:55pm
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