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Active NEW!
$650,000
/mo Edit
Multi-family:  Four Plex
Built 1963
2,960 sqft • 0.31 acres
Rosemount-Apple Valley-Eag schools
MLS# 6737863
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    Property Description

    Incredible opportunity to acquire a completely remodeled fourplex in the city of Rosemount. This multi-family property has been carefully updated and maintained, offering an excellent option for both investors and those seeking to live in with additional income. Each unit reflects attention to detail, functionality, and comfort. Located in a quiet residential area, this fourplex is in an area where similar properties rarely come onto the market, making it a true gem. Thanks to its excellent condition, prime location, and income potential, this property represents a great long-term investment opportunity. If you are interested in learning more or scheduling a private showing, please don't hesitate to contact us. We would be happy to show you everything this property has to offer.

    Listing

    Contingency: None
    Price per sq ft: $220
    City: Rosemount
    County: Dakota
    State: MN
    Property Style: Four Plex
    Zip Code: 55068
    Subdivision Name: Edwin Rahn 3rd Add

    Interior

    Living Area: 2,960 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details: Full

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 1,670 ft2
    Fencing: Wood
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Hot Water
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material:
    • Brick/Stone
    • Stucco
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.31
    Geolocation: 44.732058, -93.138559
    Lot Dimensions: Common
    Zoning: Residential-Multi-Family
    Lot Description: Irregular Lot

    Schools

    School District: 196
    District Phone: 651-423-7700

    Expenses

    Annual Caretaker Expense: $528,750
    Annual Electric Expense: $361
    Annual Fuel Expense: $1,503
    Annual Insurance Expense: $3,163
    Annual Maintenance Expense: $1,265
    Annual Gross Expense: $23,325
    Annual Trash Expense: $4,010
    Annual Water/Sewer Expense: $1,159
    Tenant Expenses: Electricity, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $6,574
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,574

    Income

    Annual Gross Income: $56,577

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.