120 PARKE Avenue S, Glyndon, MN 56547

Overview

Description

CASH FLOW! Whether you are looking for your first investment property or adding to your portfolio, you don't want to miss out on this well-maintained 4plex with excellent cash flow! Three units are each 2 bedrooms, and fourth unit is 1 bedroom. Currently leasing all 4 units for a total monthly rental income of $3175 plus coin laundry ($100+ per month). Each unit comes with additional storage room and garage, off street parking, and one unit includes large deck. Current average occupancy for tenants is 9 years. Long term renters, along with on-site storage shed for supplies and equipment make it easy for an owner to manage. Tenants pay for electricity, heat, internet, and cable. Why wait? Start securing your future income by calling on this TODAY!, Total Parking Spaces: 4, Income/Expenses: (Total Income: 3175.00)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 2000
Below Grd Total SqFt: 1900
Total SqFt: 3900
Total Finished Sqft: 3900.00
Garage Stalls: 4
Acres: 0.24
Assessment Pending: No
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0

Property Features

Exterior: Vinyl Financing Terms: Cash Roof: Asphalt Shingles Sellers Terms: Trade Sewer: City Sewer/Connected Showing Requirements: Appointment Only Tenant Pays: Other Water: City Water/Connected

Contract Information

Digitally Altered Photos: No
Exclusions: None
Off Market Date: 2022-06-05
Contingency: None
Closed Date: 2022-07-13
Original List Price: 379900
ListPrice: 379900
Sales Close Price: 360000
Auction?: No

Location Tax and Other Information

House Number: 120
Street Name: PARKE
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Glyndon
County: Clay
State: MN
Zip Code: 56547

Assessments

Assessment Balance: 13131
Assessment Installment: 1440.08
Assessments Paid Seller: 0

Building Information

Finished SqFt Above Ground: 2000
Finished SqFt Below Ground: 1900

More Information

Income and Expenses

Annual Gross Income: 3175

Ownership

Fractional Ownership: No

Unit 1

Furnished?: N
Leased?: Y
Unit Number: Yes

Unit 2

Furnished?: N
Leased?: Y
Unit Number: 2

Unit 3

Furnished?: N
Leased?: Y
Unit Number: 3

Unit 4

Furnished?: N
Leased?: Y
Unit Number: 4

Unit Details

Total Units: 4

Office/Member Info

Association: FMR

Location, Tax and Other Information

High School: DGF
Map Page: 999
Municipality: Glyndon
School District: Dilworth-Glyndon-Felton
School District Phone: 218-287-2371
Map Coordinate Source: RETS
Country: US
Property ID Number: 554000260
Tax Year: 2023
Tax Amount: 3615.92
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: CASH FLOW! Whether you are looking for your first investment property or adding to your portfolio, you don't want to miss out on this well-maintained 4plex with excellent cash flow! Three units are each 2 bedrooms, and fourth unit is 1 bedroom. Currently leasing all 4 units for a total monthly rental income of $3175 plus coin laundry ($100+ per month). Each unit comes with additional storage room and garage, off street parking, and one unit includes large deck. Current average occupancy for tenants is 9 years. Long term renters, along with on-site storage shed for supplies and equipment make it easy for an owner to manage. Tenants pay for electricity, heat, internet, and cable. Why wait? Start securing your future income by calling on this TODAY!, Total Parking Spaces: 4, Income/Expenses: (Total Income: 3175.00)
Directions: Highway 10 to Glyndon. South at stoplight (Parke Ave). On left side

Exterior

Vinyl: Yes

Financing Terms

Cash: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Trade: Yes

Sewer

City Sewer/Connected: Yes

Showing Requirements

Appointment Only: Yes

Water

City Water/Connected: Yes

Tenant Pays

Other: Yes