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For Sale:  Cokato MLS# 7002770

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Active Contingent NEW!
$269,900
/mo Edit
Multi-family:  1 Story
4 br • 3 ba • Built 1956
3,756 sqft • 0.388 acres
MLS# 7002770
763-576-8286
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    Property Description

    Exceptional opportunity for an investor or owner-occupant. Spacious corner lot with a huge, well-built home offering nearly 4, 000 square feet. Top/down duplex with private entrances for both units. Previous combined rental income of $3, 000/month. The upper unit features 3 bedrooms and 2 bathrooms; the lower unit offers 1 bedroom, an office, and 1 full bathroom. Both units include brick fireplaces, private laundry, and spacious room sizes throughout. Enjoy a large, maintenance free deck overlooking a private, tree-lined backyard. Oversized attached two car garage provides excellent storage. Attractive setting, solid construction, and outstanding flexibility, an ideal opportunity with strong potential. Peace of mind with over $17, 000 recently spend on basement water-proofing (with a transferable warranty!). Also, easily converts back to a single family home if desired.

    Listing

    Listing Status: Active Contingent
    Contingency: Inspection
    List Price: $269,900
    Price per sq ft: $72
    Property Type: Multi-family
    City: Cokato
    Garage Spaces: 2
    County: Wright
    Year Built: 1956
    State: MN
    Property Style: 1 Story
    Zip Code: 55321
    Subdivision Name: Lees Add To Cokato-Outlots

    Interior

    Bedrooms: 4
    Bathrooms: 3
    Finished Area: 3,756 ft2
    Living Area: 3,756 ft2
    Refrigerators: Two
    Basement Details:
    • Block
    • Drain Tiled
    • Egress Window(s)
    • Finished
    • Full
    • Partially Finished
    • Sump Pump

    Exterior

    Stories: One
    Garage Spaces: 2
    Garage Dimensions: 25x29
    Garage Size: 725 ft2
    Foundation Size: 1,926 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Concrete
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details: Asphalt

    Rooms

    Laundry:
    • In Basement
    • Main Level

    Lot & Land

    Acres: 0.388
    Geolocation: 45.073385, -94.18808
    Lot Dimensions: .
    Zoning: Residential-Single Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 1756
    District Phone: 3202864100

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $4,500
    Annual Fuel Expense: $1,400
    Annual Insurance Expense: $2,900
    Annual Maintenance Expense: $1,300
    Annual Trash Expense: $441
    Annual Water/Sewer Expense: $1,300

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,088
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,088

    Income

    Annual Gross Income: $36,000

    Rent

    Annual Net Income: $22,659

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    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 Kg Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.