About This Home
This 5-bedroom, 2-bathroom multi-family at 345 2nd Avenue SW in Milaca, MN is listed for $320,000 ($154 per sqft). Built in 1920, the home offers 2,076 sqft of living space on a 0.41 acres lot.
Key Features
- Built in 1920
- 0.41 acre lot
Property Details
Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit. With the upper lease in place through 2026 and the lower unit lease in place through mid June 2027, providing immediate and stable income.
Recent updates in both units include painted cabinets, updated fixtures, and new lighting. Main level unit has access to laundry with a new washer/dryer. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use.
Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.
Monthly Cost Estimate
$1,711/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
345 2nd Avenue SW
Milaca, MN 56353
Fifth Add To Milaca
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Questions & Answers
This 5-bedroom, 2-bathroom multi-family at 345 2nd Avenue SW is listed at $320,000 ($154/sqft). The estimated monthly payment is $1,711 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.41 acre lot. Exterior Features: Fiber Board.
This property is listed by Samantha Severson and can be reached at (952) 226-7700.