Ron Rheault
(701) 239-2233
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Listing Details
- $599,900
- MLS# 7108235
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agent Name: Ron Rheault
Agent Phone: (701) 239-2233
Agency Title: Town & Country Realty
Home Value Estimate
Description
The only fourplex in the city of Lauderdale (No Rent Control!) is for sale for the first time in about 20 years. A career tradesman owner kept it up throughout & left room to grow income. Turnover was minimal (some tenants stayed 7+ years) until the owner intentionally timed all four lease ends this summer to turn every unit for the sale: paint, refinished hardwoods & exterior paint. All four are leased. Two are month to month (30 day notice), so an owner occupant can pick a unit, or an investor can set new leases with utility chargebacks to boost cashflow! Easy upkeep: four similar 1 bed, 1 bath units, replaced windows, boiler heat & owned...read more
Features
- Heating: Boiler
- Taxes: $8,566
- Water: City Water/Connected
- Year Built: 1936
Gallery
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agent Name: Ron Rheault
Agent Phone: (701) 239-2233
Agency Title: Town & Country Realty
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