74 S Birch Avenue
Maple Lake, MN 55358
MLS #4788914

Multi-Family
  • 4units
  • 5beds
  • 0.12acres
  • 4,767sq ft
$319,900
Est. P&I payment: $1221.8/mo
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Description for 74 S Birch Avenue, Maple Lake, MN 55358
Rare 7 unit investor opportunity in Maple Lake, MN. Six residential and 1 commercial unit in original Muller Family Theater building. Commercial space completely renovated. Good location, full occupancy, positive cash flow. Tenants pay electric. Buyer to verify all measurements. 24 hour notice on showings.
MLS #4788914
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My Notes for MLS #4788914

General Features

  • Propery Type: MF
  • Total Number of Units: 4
  • Year Built: 1941
  • Acres: 0.12
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Corner Lot
  • Lot Dimensions: 114x33x125x57
  • Status: Active
  • Style: (MF) Apartments/Multifamily

Exterior Features

  • Exterior: Brick/Stone,​Block
  • Fencing: None
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Parking Characteristics: On-Street Parking Only,​Other
  • Roof: Tar/Gravel,​Rubber

Interior Features

  • Total Finished Square Footage: 4,767
  • Handicap Accessible: None
  • Basement: Full,​Sump Pump,​Poured Concrete,​Unfinished
  • Above Ground Finished SqFt: 4,767
  • Unit 1 B1 Dimensions: 8x10
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Dimensions: 12x12
  • Unit 1 B2 Level: Main (Ground)
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room: Living/Dining Room
  • Unit 1 Total Expenses: 30
  • Unit 1 Kitchen Dimensions: 10x12
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Dimensions: 22x15
  • Unit 1 Living Room Level: Upper
  • Number of Unit: 4
  • Unit 1 Number of Units: 2
  • Unit 1 Special Rooms: Main Floor Bedroom
  • Unit 1 Total Rooms: 5
  • Unit 1 Finished Square Footage: 700
  • Unit 2 Bath Characteristics: Main Floor 1/2 Bath
  • Unit 2 Half Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Units: 1
  • Unit 2 Special Rooms: Main Floor Bedroom
  • Unit 2 Total Rooms: 4
  • Unit 2 Finished Square Footage: 1,300
  • Unit 3 Bedroom 1 Dimensions: 10x11
  • Unit 3 Bedroom 1 Level: Upper
  • Unit 3 Bath Characteristics: Main Floor Full Bath
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Dining Room: Breakfast Area,​Living/Dining Room
  • Unit 3 Kitchen Dimensions: 8x10
  • Unit 3 Kitchen Level: Upper
  • Unit 3 Living Room Dimensions: 12x16
  • Unit 3 Living Room Level: Upper
  • Unit 3 Number of Units: 1
  • Unit 3 Total Rooms: 4
  • Unit 3 Finished Square Footage: 430
  • Unit 4 Bedroom 1 Dimensions: 10x10
  • Unit 4 Bedroom 1 Level: Upper
  • Unit 4 Bedroom 2 Dimensions: 10x12
  • Unit 4 Bedroom 2 Level: Upper
  • Unit 4 Full Baths: 1
  • Unit 4 Total Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Dining Room: Living/Dining Room
  • Unit 4 Kitchen Dimensions: 6x8
  • Unit 4 Kitchen Level: Upper
  • Unit 4 Living Room Dimensions: 12x13
  • Unit 4 Living Room Level: Upper
  • Unit 4 Number of Units: 3
  • Unit 4 Total Rooms: 5
  • Unit 4 Finished Square Footage: 537

Utilities Features

  • Water: City Water/Connected,​City Water - In Street
  • Fuel: Natural Gas
  • Heating: Hot Water,​Boiler
  • Unit 1 Appliances: Range,​Refrigerator
  • Unit 1 Air: Wall
  • Unit 2 Air: Wall
  • Unit 3 Appliances: Range,​Refrigerator
  • Unit 3 Air: Window
  • Unit 4 Appliances: Range,​Refrigerator
  • Unit 4 Air: Window
  • Number of Ranges: Six or More
  • Number of Refrigerators: Six or More
  • Sewer: City Sewer/Connected,​City Sewer - In Street

Financial Features

  • Annual rent: 7,200
  • Annual Gross Income: 48,000
  • Annual Caretaker Expense: 600
  • Annual Electric Expense: 336
  • Annual Fuel Expense: 1,600
  • Annual Insurance Expense: 3,324
  • Annual Maintenance Expense: 1,500
  • Annual Repair Expense: 1,500
  • Annual Gross Expense: 28,396
  • Total Annual Expenses: 28,396
  • Annual Trash Expense: 3,360
  • Annual Water/Sewer Expense: 3,684
  • Unit 1 Monthly Rent: 600
  • Unit 2 Total Expenses: 30
  • Unit 2 Monthly Rent: 575
  • Unit 3 Total Expenses: 30
  • Unit 3 Monthly Rent: 450
  • Unit 4 Monthly Rent: 525
  • Tax Amount: 4,812
  • Tax With Assessments: 4,812
  • Tax Year: 2016
  • Tenant Expenses: Electric,​Cable T.V.

Community Features

  • Municipality: Maple Lake
  • County: Wright
  • Postal City: Maple Lake (MN)

School Features

  • School District: 881 - Maple Lake
  • School District Phone: 320-963-3171

Misc Features

  • Amenities - Shared: None
  • Construction Status: Previously Owned
  • Foundation Size: 3,800
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family,​Business/Commercial

Location

 
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Directions to 74 S Birch Avenue, Maple Lake, MN 55358
HWY 55 west to Maple Lake. Left on Division st. turn left on Birch Ave South
The listing information for 74 S Birch Avenue, Maple Lake, MN 55358 was graciously provided by our friends at the listing brokerage, Coldwell Banker Burnet

Get Financing for 74 S Birch Avenue, Maple Lake, MN 55358

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $1221.8
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Last Updated 09/19/2017 at 9:04pm
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