Data sheet for Bear Island Land Company Listing #1975

Income-Producing 4-Plex

Northeastern MN commercial property near the BWCA

Listed By: Jeff Hway

PROPERTY #1975

PRICE: $245,000

TERMS: cash or bank financing

ADDRESS: 500 North Main Street, Winton, MN

PROPERTY DESCRIPTION: Newer 4-plex located in a quiet wooded neighborhood in Winton. Great income producer! All 4 units have 3 large bedrooms and 1 bath. Custom cabinets. Ceramic tile in kitchens and bathrooms. Oak trim and doors throughout. 2 upper units and 2 lower units. Upper units have gorgeous vaulted ceilings. High quality construction and very efficient. Radiant in-floor heating. 5-stall detached garage. Coin operated laundry for extra income. Rent all 4, or live in one and rent the others. Either way – it's a great money-maker, and should more than pay for your mortgage.

APX YR UTILITY EXPENSE: $4,950	APX YR MAINTENANCE EXPENSE: $500
TOTAL INCOME: $35,520 (when full)
LOCATION: Winton
AGE: 8 years
ZONING: Residential
APX FOUNDATION: 60' x 30'
BASEMENT: slab
HEATING: electric
UTILITIES: city water and sewer, electric
CONSTRUCTION: frame/wood
EXTERIOR FINISH: wood
OUTSIDE FEATURES: decks
PARKING: off street
LEGAL DESCRIPTION: North 165 feet of the South 390 feet of Outlot D, St. Croix Plat of Winton, Sec. 24, T63N, R12W
APX LOT SIZE: 390' x 165'
APX ACREAGE: 1.47 acres
TAXES: $3,519.58 in 2008
CLASSIFICATION: Non-homestead
PARCEL CODE: 190-0040-00406

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