About This Home
This 5-bedroom, 4-bathroom residential multi family at 110 3rd Ave N in Biwabik, MN is listed for $160,000 ($73 per sqft). Built in 1920, the home offers 2,200 sqft of living space on a N/A lot.
Key Features
- Built in 1920
Property Details
Whether you want to increase your portfolio or have a live-in house hack. This property is perfect for your next cash-flowing investment. Currently used as a long-term rental but can be used as a short-term rental, this four-unit property has a mix of 2 two-bedrooms (both leased currently $1000 and $900/month), a one-bedroom ($835/month vacant), and one efficiency apartments ($750/month vacant).
Current tenants are on month-to-month or soon-to-be-expiring leases. Three new water heaters in the last three years. The furnace has also been updated to natural gas. The electrical service has been updated to all breakers and potential laundry room wiring has been run already. Metal roof and blown-in insulation in the attic make this fairly easy to heat. All the utilities and heat are included in the tenants' rent.
Monthly Cost Estimate
$856/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
110 3rd Ave N
Biwabik, MN 55708
Property Details
Construction
Parking
Heating
Questions & Answers
This 5-bedroom, 4-bathroom residential multi family at 110 3rd Ave N is listed at $160,000 ($73/sqft). The estimated monthly payment is $856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920.
This property is listed by Jason Sheiman.
Jason Sheiman
Agent at Grand Properties Real Estate
