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For Sale:  Adams MLS# 6596415

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Active
$240,000
/mo Edit
Multi-family:  Four Plex
Built 1961
3,849 sqft • 0.31 acres
Southland schools
MLS# 6596415
763-576-8286
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    Property Description

    Discover a prime investment opportunity with this 4-plex located in Adams. This versatile property features a mix of residential units designed for easy living and consistent rental income. Included is a 3-bedroom house, 2 â?? 1 bedroom efficiency apartments and a 2-bedroom apartment. Each unit boasts its own garage space, ensuring parking and storage for each unit. Tenants will also enjoy backyard patio spaces. This property offers the essential amenities for straightforward living, making it an attractive option for prospective renters and an excellent addition to any real estate portfolio.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $240,000
    Price per sq ft: $62
    Property Type: Multi-family
    City: Adams
    Garage Spaces: 5
    County: Mower
    Year Built: 1961
    State: MN
    Property Style: Four Plex
    Zip Code: 55909

    Interior

    Finished Area: 3,849 ft2
    Living Area: 3,849 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Partial
    • Unfinished

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 5
    Garage Size: 1,524 ft2
    Foundation Size: 3,305 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Forced Air
    Parking Features: Attached Garage
    Road Frontage: City Street
    Exterior Material:
    • Brick/Stone
    • Steel Siding
    Roof Details: Metal

    Lot & Land

    Acres: 0.31
    Geolocation: 43.565740472, -92.7129215646
    Lot Dimensions: .31
    Addl Parcels: 210050160
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 500
    District Phone: 507-582-3283

    Expenses

    Annual Caretaker Expense: $2,396
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $2,384
    Annual Maintenance Expense: $2,230
    Annual Gross Expense: $8,950
    Annual Trash Expense: $558
    Annual Water/Sewer Expense: $1,246
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,180
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $6,664

    Income

    Annual Gross Income: $28,200

    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.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Dwell Realty Group LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.