519 SW 1st Street
Crosby, MN 56441
MLS #4893626

Multi-Family
  • 3units
  • 5beds
  • 3,600sq ft
$184,900
Est. P&I payment: $706.19/mo
519 SW 1st Street, Crosby, MN 56441
  • 519 SW 1st Street, Crosby, MN 56441 Photo 1
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Description for 519 SW 1st Street, Crosby, MN 56441
Excellent opportunity for anyone looking to own a rental property. This 6 unit apartment has 4-two bedroom and 2-one bedroom apartments. Two of the apartments have screened-in porch. Each apartment has its own electric meter. There is an owner owned coin-operated laundry. Located in quiet neighborhood just blocks from downtown Crosby.
MLS #4893626
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My Notes for MLS #4893626

General Features

  • Propery Type: MF
  • Total Number of Units: 3
  • Year Built: 1900
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Corner Lot,​Tree Coverage - Medium
  • Lot Dimensions: 117x125x116x125
  • Status: Active
  • Style: (MF) Two Stories

Exterior Features

  • Exterior: Wood,​Block
  • Road Frontage: City,​Paved Streets
  • Parking Characteristics: Driveway - Gravel
  • Roof: Pitched,​Age Over 8 Years

Interior Features

  • Total Finished Square Footage: 3,600
  • Handicap Accessible: None
  • Basement: Full,​Finished (Livable)
  • Above Ground Finished SqFt: 2,400
  • Below Ground Finished SqFt: 1,200
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Total Expenses: 80
  • Unit 1 Number of Units: 2
  • Unit 1 Parking Spaces: 1
  • Unit 1 Total Rooms: 5
  • Unit 1 Finished Square Footage: 800
  • Unit 2 Amenities: Porch
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Number of Units: 2
  • Unit 2 Parking Spaces: 1
  • Unit 2 Total Rooms: 5
  • Unit 2 Finished Square Footage: 800
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Number of Units: 2
  • Unit 3 Other Parking Spaces: 1
  • Unit 3 Total Rooms: 4
  • Unit 3 Finished Square Footage: 600

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas,​Electric
  • Heating: Baseboard
  • Number of Ranges: Six or More
  • Number of Refrigerators: Six or More
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 6,900
  • Annual Gross Income: 39,600
  • Annual Caretaker Expense: 600
  • Annual Electric Expense: 4,800
  • Annual Fuel Expense: 4,800
  • Annual Insurance Expense: 2,500
  • Annual Maintenance Expense: 1,500
  • Annual Repair Expense: 1,600
  • Annual Gross Expense: 16,955
  • Total Annual Expenses: 16,955
  • Annual Trash Expense: 900
  • Annual Water/Sewer Expense: 3,000
  • Unit 1 Monthly Rent: 575
  • Unit 2 Annual Rent: 7,200
  • Unit 2 Total Expenses: 80
  • Unit 2 Monthly Rent: 600
  • Unit 3 Annual Rent: 6,000
  • Unit 3 Total Expenses: 75
  • Unit 3 Monthly Rent: 500
  • Tax Amount: 2,825
  • Tax With Assessments: 4,076
  • Tax Year: 2017
  • Tenant Expenses: Insurance,​Electric,​Cable T.V.

Community Features

  • Municipality: Crosby
  • County: Crow Wing
  • Postal City: Crosby (MN)

School Features

  • School District: 182 - Crosby-Ironton
  • School District Phone: 218-545-8801

Misc Features

  • Amenities - Shared: Porch,​Coin-op Laundry Owned
  • Construction Status: Previously Owned
  • Foundation Size: 1,500
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 519 SW 1st Street, Crosby, MN 56441
From Crosby Holiday Gas Station on 3rd Ave SW; take a left(west) onto 1st Street SW to apartment building on your right.
The listing information for 519 SW 1st Street, Crosby, MN 56441 was graciously provided by our friends at the listing brokerage, RE/MAX Lakes Area Realty- Baxter

Get Financing for 519 SW 1st Street, Crosby, MN 56441

Summit Mortgage
Kevin Lee
17323 U.S. Highway 10 (Suite B)
Elk River, MN 55330
(763) 421-0548 Office
(612) 889-2511 Mobile
(763) 592-8000 Fax
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P&I Payment $706.19
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Last Updated 12/17/2017 at 7:06am
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