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$374,500

6 Beds 3 / 1 Full / Half Baths 3,377 SQFT 0.32 Acres
Type: Multi-Family

1126 2nd Street SE
Wadena, MN 56482

MLS#: 7141317
Jim Starr
Jim Starr
The Real Estate Advantage
Crosstown Real Estate Group, Co-Founder/Partner
Phone: 612.247.5898
Office: 763.755.1100
Presented by: Centennial Realty

Property Description

 

Take advantage of this income earning opportunity! This 3 unit property is not only impressively clean, but has been immaculately maintained and updated. Everything from the interior to the exterior including: electrical, plumbing and water pipes have been redone in the last several years. The home was moved to a new block foundation and totally renovated in 1995. Since there there has been many updates and replacements consisting of paint, flooring, fixtures, decking, railings, appliances, mechanicals and block heater plug ins. The pipes for sewer and water were configured so that you could expand and tie in 2 additional units on this large lot. Two units have 2 bed and 1 bath and one unit has 2 bed an 1.5 bath. Large shared back yard that also has an enclosed dog run. A tri plex can be a powerful way to make home-ownership work when prices and interest rates make a traditional single family home feel unattainable. Buy a home that produces income. This would also make a great generational housing option. All 3 units are currently rented for immediate income potential


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,294 sqft
BasementBlock, Finished
Basement (Y/N)Yes
Below Grade Finished Area1,083 sqft
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityWadena
ContingencyNone
CountyWadena
DirectionsSOUTH ON HWY 71 TO WND ST SE
Electric Expense1781
Fuel Expense1416
Garage Spaces0
Gross Income36000
HeatingRadiant
High School DistrictWadena-Deer Creek
Insurance Expense2785
Land Lease Y/NNo
Lender OwnedNo
LevelsOne and One Half
Living Area3,377 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total3
Operating Expense10853
OwnerPaysElectricity, Gas, Grounds Care, Heat, Repairs, Sewer, Snow Removal, Trash Collection, Water
PostalCityWadena
Property SubtypeTriplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NamePickars
Tax Annual Amount$4,282
Tax Year2026
Tenant PaysBroadband, Cable TV
Trash Expense1986
Water Sewer Expense288510
Year Built1891
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,377 sqft
Foundation Area1,083 sqft
Lot Dimensions100x140
Lot Size Area0 sqft
Parking FeaturesGravel, Parking Lot, Open
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$374,500

6 Beds 3 / 1 Full / Half Baths 3,377 SQFT 0.32 Acres
Type: Multi-Family

1126 2nd Street SE
Wadena, MN 56482

MLS#: 7141317
Jim Starr
Jim Starr
The Real Estate Advantage
Crosstown Real Estate Group, Co-Founder/Partner
Phone: 612.247.5898
Office: 763.755.1100