$200,000
$209,900
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1,248 SqFt
SOLD DATE : 02/24/2023
Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,248 sqft
Price per Sqft $160
Subdivision Northern Add Outlots
MLS Listing ID 6251376
Sold Date 02/24/23
Year Built 1915
Annual Tax Amount $1,704
Tax Year 2022
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 64 x 108
Property Description
Well-maintained foursquare Colonial up/down Duplex with two 1-bdrm units. Live in one of the units and let the other help pay the mortgage! These smaller units are an ideal Crash Pad and are an affordable alternative to Rochester apartment and townhome rentals. Ideal for those that work long shifts as well as up to an 80-hour work week (med/surgical/Fellows/Residents,Medical Students, truck drivers, firefighters, and ag workers). Also ideal for commuters as a way to start building equity and saving on fuel for commuting costs. Unit 1 on the main floor is fully rented with a month-to-month non-smoking tenant. Immediate cashflow as current estimate of fair market rent is over $800/unit. Each unit has separate access. The main floor unit has access to the lower unfinished basement level. The detached 2 car garage keeps the cars warm and dry during winter months. Tenants and owner-occupants alike will enjoy the convenient location and proximity to downtown, public transit and clinic.
Location
State MN
County Olmsted
Body of Water Silver
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Detached
Garage Spaces 2.0
Waterfront Description Lake View
View Y/N Lake
View Lake
Building
Story Two
Foundation 624
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Jefferson
Middle Schools Kellogg
High Schools Century
School District Rochester
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