For Sale: Waverly MLS# 7048946
Active
$249,000
Multi-family: Duplex Up and Down
2 br • 2 ba • Built 1900
1,501 sqft • 0.088 acres
MLS# 7048946
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Up / Down duplex in Waverly offering strong rental history and owner-occupant potential. Each unit features a 1 bed, 1 bath unit. New maintenance free siding and windows installed this spring.
The lower unit is currently leased at $975/month on a 1-year lease. The upper unit was previously rented for $975/month and is currently vacant, allowing flexibility for an owner-occupant or the ability to place a new tenant at market rent.
Great opportunity to own a cash-flowing property with upside in rents and minimal capital improvement needs. Convenient location with easy access to surrounding communities.
Financials are included in the supplements.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$249,000
Price per sq ft:
$166
Property Type:
Multi-family
City:
Waverly
Garage Spaces:
0
County:
Wright
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55390
Subdivision Name:
Original Waverly
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,501 ft2
Living Area:
1,501 ft2
Basement Details:
Crawl Space
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
754 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Lot & Land
Acres:
0.088
Geolocation:
45.0670472596, -93.963969992
Lot Dimensions:
2614
Zoning:
Residential-Multi-Family
Schools
School District:
1212
District Phone:
3205433521
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,922
Annual Maintenance Expense:
$600
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,200
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,598
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,598
Income
Annual Gross Income:
$21,090
Rent
Annual Net Income:
$15,094
Units
Total Units:
2
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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!
Listing provided by RMLS,
courtesy of Lifecycle Real Estate Services.
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.