About This Home
This 6-bedroom, 4-bathroom residential multi family at 450 Murray Avenue in Pine River, MN is listed for $334,900 ($134 per sqft). Built in 1972, the home offers 2,508 sqft of living space on a 1.40 acres lot.
Key Features
- Built in 1972
- 1.40 acre lot
Property Details
**INVESTOR OPPORTUNITY - INCOME-PRODUCING FOURPLEX IN PINE RIVER! ** This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 - $1,700/month; Unit 3 - $700/month; Unit 4 - $850/month.
Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 2,508 finished sq.
ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
Monthly Cost Estimate
$1,791/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
450 Murray Avenue
Pine River, MN 56474
Features & Amenities
Exterior Features
Property Details
Construction
Parking
Heating
Questions & Answers
This 6-bedroom, 4-bathroom residential multi family at 450 Murray Avenue is listed at $334,900 ($134/sqft). The estimated monthly payment is $1,791 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1972, 1.40 acre lot. Exterior Features: Cement Board.
This property is listed by Radames Cruz and can be reached at (612) 751-9303.