Bear Island Land Company

 

4-Unit Apartment Building

Northeastern MN commercial property near the BWCA

 

Listed By: Jeff Hway
PROPERTY #1050
PRICE: $95,000
TERMS: cash or bank financing
ADDRESS: 726 E. Camp Street
PROPERTY DESCRIPTION: 4-Unit 2-story Camp Street apartment building one block off of Sheridan Street. Features three, 2-bedroom apartments and one, 1-bedroom apartment. Tenants currently pay all heating bills, landlord pays electric/water. Good rental history.

 

  #BR #BA FLOOR RENT
Unit #1 2 1 2 $375
Unit #2 2 1 2 $400
Unit #3 2 1 1 $400
Unit #4 1 1 1 $350

 

TOTAL INCOME: $1,525/month
ANNUAL EXPENSES: $750 (insurance ), $800-$1,000 (maintenance/repairs)
MONTHLY EXPENSES: Approx. $75/unit per month for utilities
APX FOUNDATION: 50' x 22'
STYLE: up and down
FLOORS: 2 floors
TOTAL UNITS: 4 units
AGE: 95 years
BASEMENT: full, poured
HEATING: propane heating unit in each apartment
UTILITIES: city water, city sewer, electricity, propane
CONSTRUCTION: frame/wood
PARKING: off street, street parking
LEGAL DESCRIPTION: Lot 7, Whiteside's Second Addition to Ely
APX LOT SIZE: 25' x 125'
TAXES: $1,629.76 in 2008
CLASSIFICATION: Non-homestead
PARCEL CODE: 030-0372-00120

While all information and figures are believed to be reliable,
the providing broker cannot guarantee their accuracy.


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