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For Sale:  Moorhead MLS# 6778220

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Active NEW!
$315,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1956
3,380 sqft • 0.31 acres
Moorhead schools
MLS# 6778220
763-576-8286
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    Property Description

    Prime Investment Opportunity – Duplex Across from MSUM! This multi-family duplex is ideally located directly across the street from MSUM’s campus, making it an unbeatable investment opportunity for student housing or rental income. The property consists of two separate units, with Unit 1 featuring 4 bedrooms and 2 bathrooms, while Unit 2 offers 3 bedrooms, 2 bathrooms, and a basement den that could be a perfect home office or study space. Recent updates, including a new roof, furnace, and washers in both units. The exterior is steel siding, providing a low-maintenance solution for the long term. The foundation is poured concrete, offering solid structural integrity. For parking, there is a large 3-stall garage and a large driveway, ensuring ample off-street parking for tenants. While the property could benefit from a little TLC, the bones are strong, and the potential is tremendous. With such a prime location and key updates already completed, this property is a fantastic opportunity for investors looking to capitalize on a highly desirable area.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $315,000
    Price per sq ft: $93
    Property Type: Multi-family
    City: Moorhead
    Garage Spaces: 3
    County: Clay
    Year Built: 1956
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 56560
    Subdivision Name: Borstads 1st Add

    Interior

    Finished Area: 3,380 ft2
    Living Area: 3,380 ft2
    Basement Details: Concrete

    Exterior

    Stories: One
    Garage Spaces: 3
    Foundation Size: 1,880 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Concrete
    • Detached
    Exterior Material: Metal Siding
    Roof Details: Age 8 Years or Less

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.31
    Geolocation: 46.864823, -96.756899
    Lot Dimensions: 90 X 150

    Schools

    School District: 152
    District Phone: 218-284-3300

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $3,200
    Annual Maintenance Expense: $1,000
    Annual Gross Expense: $28,000
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,180
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,262

    Income

    Annual Gross Income: $33,600

    Units

    Total Units: 2

    Miscellaneous

    Fuel System:
    • Natural Gas
    • Oil
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of REALTY XPERTS.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.