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Marc Hedlund

marc@iheartexit.com +1(701) 730-4440

$320,000

Est. payment - /mo

5 Beds

2 Baths

2,076 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,076 sqft

Price per Sqft $154

Subdivision Fifth Add To Milaca

MLS Listing ID 7118423

Bedrooms 5

Year Built 1920

Annual Tax Amount $3,434

Tax Year 2026

Contingent None

Lot Size 0.414 Acres

Lot Dimensions 122x148

Property Sub-Type Duplex Up and Down

Property Description

Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit. With the upper lease in place through 2026 and the lower unit lease in place through mid June 2027, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. Main level unit has access to laundry with a new washer/dryer. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.

Location

State MN

County Mille Lacs

Zoning Residential-Multi-Family,Residential-Single Family

Rooms

Basement Daylight/Lookout Windows, Full, Unfinished

Interior

Heating Baseboard, Boiler, Hot Water, Radiator, Radiant

Fireplace No

Laundry None

Exterior

Parking Features Detached Garage, Asphalt, Garage Door Opener

Garage Spaces 3.0

Roof Type Age 8 Years or Less,Asphalt

Building

Lot Description Corner Lot, Tree Coverage - Medium

Story Two

Foundation 1351

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Concrete,Frame

New Construction false

Schools

School District Milaca

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Listed by Samantha Severson • RE/MAX Advantage Plus

Nearby School & Business

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Marc Hedlund

+1(701) 730-4440

Broker | License ID: 40339406

Broker License ID: 40339406

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345 2nd AVE SW Milaca, MN 56353

Marc Hedlund

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information