$675,000
Bagley, MN 56621
MLS# 6516780
1 / 39
Property Description
12 unit apartment building located in an attractive residential neighborhood that has frontage on State Hwy 92. This building has an excellent rental history and has had regular updates as units are vacated. Coin operated laundry & single garage stalls available.
Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $675,000
Contingency: None
ListPrice: 675000
List Date: 2024-04-08
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Year Built: 1980
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 3396
Garage Stalls: 8
Power Company: Clearwater-Polk Electric Cooperative
For Sale or Lease: For Sale
Acres: 0.77
Lot Dimensions: 206x224
Assessment Pending: No
Location, Tax and Other Information
Legal Description: BLOCK 2 LOT 7; SUBDIVISIONCD 23325 SUBDIVISIONNAME DEL LYNN ACRES
Listing City: Bagley
Map Page: 999
Municipality: Bagley
School District Phone: 218-776-3112
House Number: 1006
Street Name: Patricia
Street Suffix: Lane
Street Direction Suffix: NW
Postal City: Bagley
County: Clearwater
State: MN
Zip Code: 56621
Zip Plus 4: 1804
Property ID Number: 233250080
Complex/Dev/Subdivision: Del Lynn Acres
Tax Year: 2024
Tax Amount: 6492
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 12 unit apartment building located in an attractive residential neighborhood that has frontage on State Hwy 92. This building has an excellent rental history and has had regular updates as units are vacated. Coin operated laundry & single garage stalls available.
Directions: West on Hwy 2 into Bagley. Right on Main Ave (Hwy 92), left on Lake Lamond Dr, right on Patricia Ln to apartment building on the right.
Assessments
Tax With Assessments: 6492
Building Information
Building Finished SqFt: 10188
Building SqFt: 10188
Income and Expenses
Annual Fuel Expense: 10865
Annual Gross Expenses: 44000
Annual Gross Income: 89000
Annual Insurance Expense: 6878
Annual Maintenance Expense: 2285
Annual Repair Expense: 15606
Annual Trash Expense: 978
Total Annual Expenses: 49328
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 24x96
Garage Square Feet: 2304
Sale Options
Sale Includes: Building, Business, Fixture/Equipment, Leases
Unit 1
No. of 1 Bedroom Units: 6
Unit 2
No. of 2 Bedroom Units: 6
Unit Details
Total Units: 12
Property Features
Accessible: Other
Amenities Shared: Coin-op Laundry Owned
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Fuel: Natural Gas
Heating: Boiler; Hot Water; Radiant; Zoned
Loan Terms: Cash; Conventional
Lock Box Type: None
No. of Ranges: One Per Unit
No. of Refrigerators: One Per Unit
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Fuel; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Detached Garage
Potential Use: Other
Road Frontage: City Street; County Road; Curbs; Paved Streets; Street Lights
Road Responsibility: Public Maintained Road
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: CENTURY 21 Dickinson Realtors
Last Updated: April - 10 - 2024
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