For Sale: Lake City MLS# 6704741
Active
NEW!
$349,900
Multi-family: Triplex
Built 1889
2,784 sqft • 0.17 acres
Lake City schools
MLS# 6704741
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Property Description
Excellent Investment Opportunity â?? High-Producing Triplex Near Downtown! Donâ??t miss this well-maintained and income-generating triplex just minutes from downtown and the scenic
River Walk! Featuring numerous updates throughout, this property boasts a strong rental history with
reliable, long-term tenants. Each unit has separate entrances, offering a great mix of privacy and
convenience for tenants. Whether you're an experienced investor or just getting started, this turn-key property is a fantastic addition to any portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$126
Property Type:
Multi-family
City:
Lake City
Garage Spaces:
0
County:
Wabasha
Year Built:
1889
State:
MN
Property Style:
Triplex
Zip Code:
55041
Subdivision Name:
Lake City
Interior
Finished Area:
2,784 ft2
Living Area:
2,784 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Block
- Owner Access
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,392 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Gravel
Shared Amenities:
None
Road Frontage:
Highway
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.17
Geolocation:
44.446875, -92.270347
Lot Dimensions:
99 x 77
Zoning:
Residential-Multi-Family
Lot Description:
Some Trees
Schools
School District:
813
District Phone:
651-345-2198
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,197
Annual Maintenance Expense:
$750
Annual Gross Expense:
$7,370
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$917
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,166
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,166
Income
Annual Gross Income:
$32,700
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Lakes Sotheby's International Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.