501 1st ST N Active Save Request In-Person Tour Request Virtual Tour
Virginia,MN 55792
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,418 sqft
Price per Sqft $66
Subdivision Virginia
MLS Listing ID 6690399
Year Built 1904
Annual Tax Amount $1,182
Tax Year 2024
Lot Size 3,049 Sqft
Property Sub-Type Duplex Up and Down
Property Description
Turnkey Duplex with Strong Cash Flow – 14.7% Cap Rate! This well-maintained property is a solid investment opportunity with excellent returns. The upper unit features a long-term tenant currently paying $860/month, with potential to increase rent for even greater cash flow. Both units are in good condition, offering clean, comfortable living spaces. The building includes a basement with storage and laundry facilities, and has proven to be very low maintenance over time. Similar 2-bedroom units in the area qualify for Section 8 rents of up to $1,100/month, providing additional income potential. A great addition to any investment portfolio!
Location
State MN
County St. Louis
Interior
Heating Boiler
Exterior
Parking Features Gravel,Parking Lot
Roof Type Asphalt
Building
Story Two
Foundation 709
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Aluminum Siding
New Construction false
Schools
School District Virginia