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For Sale:  New Richmond MLS# 7158841

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Active
$309,900
/mo Edit
Commercial:  2 Stories
4 br • 2 ba • Built 1940
0.209 acres
New Richmond schools
MLS# 7158841
763-576-8286
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    Property Description

    This fantastic duplex has been completely renovated, with 3 bedrooms and one bath upstairs and one bedroom one bath on the lower (basement) level, this could easily be turned back into a single family home as well, updated electrical, new meter (2 separate meters), this property has been a rental for 12 years by the same owner, new concrete driveway, trim, new hard wood flooring, appliances, kitchen remodel, paint, countertops, updated bathrooms. It is within walking distance of everything downtown, near businesses, athletic club, library and schools. Great opportunity for a family with an older child or an investor who wants to add to their portfolio. This is a fantastic opportunity that is turn key and ready to rent immediately. Rent has never been received with the brand new remodel, amounts tbd. Lower level appliances were delivered and installed. I believe this would fetch with rent rates vs purchase price 1%, in accordance with current rent rates in the area.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $309,900
    Property Type: Commercial
    City: New Richmond
    Garage Spaces: 0
    County: St. Croix
    Year Built: 1940
    State: WI
    Property Style: 2 Stories
    Zip Code: 54017
    Subdivision Name: City/New Richmond

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Refrigerators: Two
    Appliances Included:
    • Dishwasher
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 769 ft2
    Foundation Dimensions: 24x32
    Fencing: Chain Link
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features: Concrete

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.209
    Geolocation: 45.117693, -92.540388
    Inclusions: Other
    Lot Dimensions: 24 x 32
    Zoning: Residential-Multi-Family

    Schools

    School District: 3962
    District Phone: 7152437411

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $2,965
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,965

    Units

    Total Units: 2

    Miscellaneous

    Current Use: Residential
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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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 A Hometown Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.