304 4TH ST, Barnesville, MN 56514
 List #59-113

3-Plex in Barnesville. Property consists of two-2 bedroom apartments, one-1 bedroom apartment and 2 stall att. gar. Large lot across the street from High School and would be a great owner occupied property. All apartments currently leased. Seller would consider partial contract.

 Contract Information
Days On Market57Begin Date11/1/2007
End Date5/1/2008Book SectionMulti-Family 
StatusActive Status Change Date11/2/2007
Original List Price120,000List Price120,000
BA Comm2.5NA Comm0
Variable CommissionsYes OwnerNordby
How To ShowAppt through listing agentSignNo 
Property TypeMultiFamilyListing MemberMike W Olson
Cell: (218) 234.8151
Fax #: (866) 592.5124
Office Phone: (218) 234.8151
Listing OfficeSKY LODGE PROPERTIES, INC #59  
 General Property Description
AreaDetroit Lakes Realtor.COM TypeMulti-Family 
Lot Size50' x 127'Lot Acres0.15
Year Built1910UnitsYes 
Total SqFt.1,730Garage Size2 Stall detached
 Location, Tax, and Other Information
Lock BoxNONE CountyClay 
ZoningR-3 Multifamily - General FinancingCash 
Taxes1,034Tax Year2007
Assessment42Parcel Number505750500
Legal
 Remarks
Directions304 4th St SE Barnesville, MN.
Permanent Book Msg3-plex in Barnesville  
Private Remarks3-plex in Barnesville. Garages could be rented for $30/mo. Coin-op laundry in full unfinished basement. Renter just moved out of two bdrm apart. Home just painted.
 Details
Unit 1 Info:Floor: Main Level; Living Room: Yes ; Kitchen: Yes
Unit 2 Info:Floor: Upstairs 2 bdrm; Living Room: yes; Kitchen: yes
Unit 3 Info:Floor: Upstairs 1 bdrm; Living Room: yes; Kitchen: yes
Financial Analysis:Gross Sched. Income: 14,700; Vacancy Allow %: 8; Vacancy Allow: 1,176; Gross Oper. Income: 13,524; Operating Expenses: 3,454.60; Net Oper. Income: 10,069
 
Operating Expenses:Insurance: 849.60; Gas & Electricity: 1,200; Water/Sewer/Trash: 1,320; Maintenance: 85; Total: 3,454.60
Income:No. Apts Leased: 3; Total Rent/Months: 1,165; Garages #: 2; Garages @$: 30; Gr. Sched. Inc./Mo.: 1,225; Gr. Sched. Inc./Yr.: 14,700
Utilities:Heat: Propane FA
Terms:Terms 1: Cash; Terms 2: Partial C4D

Information is deemed to be reliable, but is not guaranteed. See copyright notice.
Prepared by SKY LODGE PROPERTIES, INC #59 on
The information on this sheet has been made available by the MLS and may not be the listing of the provider.