$109,000
713/719 5th Avenue
International Falls, MN 56649
MLS# 18-161
12 beds  |  4 baths  |  4848 sqft


Front of 713
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Front of 713 Front of 719 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649 713/719 5th Avenue, International Falls, MN 56649

Property Description
Income producing 7 unit complex consisting of two separate buildings. Don't judge a book by its cover! These historic buildings were once the Craig Hospital and Clinic. Lots of original woodwork and hardwood floors. Recent improvements for unit 719 include new rubber roof costing over $14k, blown in insulation in attic and walls, hot water heater and 2 windows. Unit 713 also had insulation blown in. The ''other'' expense is for potential rent loss due to vacancy, but this will vary. See the attachment for detailed info on this great income producing opportunity which has a cap rate of 15%! This listing along with 18-162 are available as a package deal. Call for more info.

Details
Maps
Documents
None
Current Price: $109,000
Contract Information
MLS Code: 4975 - BMJ
List Price: $109,000
Owner is Agent: No
Rental License: No
In Foreclosure: No
Potential Short Sale: No
Lender Owned: No
Association Fee: No
Auction: No
General Property Information
# Units: 7
# Off Street Parking: 4
Full Baths: 4
Total Bathrooms: 4
Total Bedrooms: 12
Style: Other
Stories/Levels: 2 Story
Total Floors: 2
Finished Above Grade: 4848
Total Fnsh'd SqFt: 4848
Year Built: 1920
Aprox Lot Dimensions: 87.5x85
Approx Nbr of Acres: 0.17
Waterfront: No
Waterfront Name: None
Location, Tax and Other Information
House Number: 713/719
Street: 5th
Street Abbreviation: Avenue
Postal City: International Falls
County: Koochiching
State/Province: MN
Zip Code: 56649
MLSAreaMajor: International Falls
Legal Description: N 100' OF W 1/2 LOT 21 & N 100' OF LOTS 22-24 BLOCK 65, PLAT OF BLOCKS 51-99 INTL FALLS
Parcel Number: 92-007-65211
Township #: 99
Section #: 99
Range #: 99
Tax Classification: Non-Homestead
Tax Amount: 1072
Taxes w/Assessments: 1072
Status Change Info
Status: Active
Square Footage
Upper Sq Ftge: 2424
Main Square Ftge: 2424
Total SqFt: 4848
Total Rooms Above Gr: 24
Unit 1
Total Bedrooms: 2
Full Baths: 1
Leased: Yes
Monthly Rent $: 450
Unit 2
Total Rooms: 5
Total Bedrooms: 2
Total Baths: 1
Leased: Yes
Monthly Rent $: 500
Unit 3
Total Rooms: 5
Total Bedrooms: 2
Total Baths: 1
Full Baths: 1
Leased: Yes
Monthly Rent $: 475
Unit 4
Total Rooms: 4
Total Bedrooms: 1
Total Baths: 1
Full Baths: 1
Leased: Yes
Monthly Rent $: 425
Income & Expenses
Est. Annual Grs Inc: 39540
Est. Annual Grs Exp: 23602
Property Features
Basement Material: Poured Concrete
Basement Style: Partial
Construction Type: Frame/Wood
Exterior: Stucco
Heat: Hot Water
Fuel: Natural Gas
Garage Type: None
Amenities - Exterior: Driveway - Gravel
Mechanicals: Water Heater - Elec
Owner Expenses: Fuel; Maint/Repair; Snow; Trash; Water/Sewer
Tenant Expenses: Cable TV; Electric
Road Frontage: Sidewalk
Restrict/Covnts: Pets-Number Limit
Roof: Flat; Rubber
Terms: Cash; Conventional
Unit 1 Applances: Range/Stove; Refrigerator
Unit 1 Ammenities: Broadband Available; Hardwood Floors; Natural Woodwork
Unit 2 Appliances: Range/Stove; Refrigerator
Unit 2 Ammenities: Broadband Available; Hardwood Floors; Natural Woodwork
Unit 3 Appliances: Range/Stove; Refrigerator
Unit 3 Ammenities: Broadband Available; Hardwood Floors; Natural Woodwork
Unit 4 Appliances: Range/Stove; Refrigerator
Unit 4 Ammenities: Broadband Available; Hardwood Floors; Natural Woodwork

Listing Office: Reed Realty IFalls

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Sunday 23rd of September 2018 04:09 PM