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For Sale:  Wadena MLS# 7141317

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Active NEW!
$374,500
/mo Edit
Multi-family:  Triplex
6 br • 4 ba • Built 1891
3,377 sqft • 0.321 acres
Wadena-Deer Creek schools
MLS# 7141317
763-576-8286
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    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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $374,500
    Price per sq ft: $111
    Property Type: Multi-family
    City: Wadena
    Garage Spaces: 0
    County: Wadena
    Year Built: 1891
    State: MN
    Property Style: Triplex
    Zip Code: 56482
    Subdivision Name: Pickars

    Interior

    Bedrooms: 6
    Bathrooms: 4
    Finished Area: 3,377 ft2
    Living Area: 3,377 ft2
    Basement Details:
    • Block
    • Finished

    Exterior

    Stories: One and One Half
    Garage Spaces: 0
    Foundation Size: 1,083 ft2
    Handicap Accessible: None
    Heating System: Radiant
    Parking Features:
    • Gravel
    • Open
    • Parking Lot

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.321
    Geolocation: 46.431752, -95.139161
    Lot Dimensions: 100 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 2155
    District Phone: 2186322155

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,781
    Annual Fuel Expense: $1,416
    Annual Insurance Expense: $2,785
    Annual Maintenance Expense: None
    Annual Trash Expense: $1,986
    Annual Water/Sewer Expense: $288,510
    Tenant Expenses: Broadband, Cable TV

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $4,282
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,282

    Income

    Annual Gross Income: $36,000

    Units

    Total Units: 3

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