Anand Prashad, Broker
Property Description
**INVESTOR OPPORTUNITY ? INCOME-PRODUCING FOURPLEX IN PINE RIVER! **This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 ? $1,700/month; Unit 3 ? $700/month; Unit 4 ? $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 2,508 finished sq. ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
Property Features
Property Type: Multi Unit - Multiple
Basement: Block, Egress Window(s), Finished
Basement: Yes
Garage: 2
Heating: Baseboard, Forced Air
Lot Size: 1.40 Acres
Roof Type: Asphalt
Taxes: $4,214
Year Built: 1972
Feature Descriptions
Days on Site: 12
Exterior: Block, Frame
Foundation Size: 1
Lot: Irregular Lot, Tree Coverage - Light
Lot Dimensions: irrx326x200x270
Owners Expense: Gas, Insurance, Grounds Care, Sewer, Snow Removal, Taxes, Trash Collection, Water
Parcel#: 942313204
Parking: Attached Garage, Asphalt
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: Electricity
Units: 4
Water: City Water/Connected
Local Schools
School District: Pine River-Backus
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 612-751-9303
Shown By
Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty
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Estimated Payment
$ 2,231.32 per month $1,782.48 Principal & Interest $351.17 Property Tax $97.68 Homeowner's InsuranceChange Payment Information
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450 Murray Avenue | MLS# 7130852
This multi-family property located at 450 Murray Avenue, Pine River, MN 56474 is currently listed for sale with an asking price of $334,900. Murray Avenue is located within the Pine River-Backus school district. Search Pine River real estate on aprashad.counselorrealty.com today.