For Sale: White Bear Twp MLS# 7018126
Active
NEW!
$589,000
Multi-family: 1 Story
6 br • 2 ba • Built 1961
2,021 sqft • 0.34 acres
MLS# 7018126
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Property Description
Own this great duplex and build equity for the price of rent. Fantastic opportunity to own a rare side-by-side duplex in the White Bear Lake area. This gem is in White Bear Township and has all the updates you are looking for. Unit 1, currently vacant and expected to remain vacant for an owner-occupant, features a new furnace, new carpeting, three bedrooms, and walk-in closets. Unit 2 features three bedrooms and a full basement and is occupied by a long-term tenant on a monthly lease. The owner will guarantee a 12-month lease at the market rate of $2, 100 per month, if desired by the buyer. This unit has a 5-year-old furnace and has been maintained in excellent condition. The building's siding is two years old, the roof is 5 years old, the gutters are new, and the windows have previously been updated. Both units feature solid oak trims with six-panel solid oak doors. Appliances in both units have been recently updated. A large, partitioned two-car garage provides the owner with options.
We have financing options available for your consideration with Edge Home Finance
Listing
Listing Status:
Active
Contingency:
None
List Price:
$589,000
Price per sq ft:
$291
Property Type:
Multi-family
City:
White Bear Twp
Garage Spaces:
2
County:
Ramsey
Year Built:
1961
State:
MN
Property Style:
1 Story
Zip Code:
55110
Subdivision Name:
Section 10 Town 30 Range 22
Interior
Bedrooms:
6
Bathrooms:
2
Finished Area:
2,021 ft2
Living Area:
2,021 ft2
Basement Details:
- Block
- Egress Window(s)
- Partially Finished
- Storage Space
- Sump Pump
Exterior
Stories:
One
Garage Spaces:
2
Garage Dimensions:
24 x 25
Garage Size:
600 ft2
Garage Door Height:
7
Garage Door Width:
9
Foundation Size:
1,576 ft2
Foundation Dimensions:
52 x 28, 5 x 24
Handicap Accessible:
None
Heating System:
Forced Air
Lot & Land
Acres:
0.34
Geolocation:
45.097083, -93.032885
Lot Dimensions:
101 x 147
Zoning:
Residential-Multi-Family
Schools
School District:
2099
District Phone:
6514077500
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$1,000
Annual Trash Expense:
$500
Annual Water/Sewer Expense:
$500
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,370
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,370
Income
Annual Gross Income:
$50,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 Rocket 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.