Property Listing
Description
INVESTMENT OPPORTUNITY WITH CURRENT RENTAL INCOME + ADDITIONAL POTENTIAL! Take a fresh look at 450 Murray Avenue in Pine River. Three occupied units currently generate seller-reported gross rents of $3,250/month ($39,000 annualized), while Unit 2 is vacant and not included in those income figures, offering additional potential for the next owner. Current rents are Unit 1: $1,700/month, leased through August 2027; Unit 3: $700/month, month-to-month; and Unit 4: $850/month, month-to-month. The property also has an updated rental license and offers an established tenant base from day one. Features include 6 bedrooms, 4 bathrooms, approximately 2,508 finished sq. ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Convenient Pine River location near downtown, Pine River-Backus Schools, the Paul Bunyan State Trail, and Norway Lake recreational access. Whether you're looking to expand an investment portfolio or step into your first income-producing property, this one deserves a closer look. Rental figures are seller-provided.
Property Information
Status: Active
Sub Type: ********
List Price: $327,900
MLS#: 7130852
Current Price: $327,900
Address: 450 Murray Avenue, Pine River, MN 56474
City: Pine River
State: MN
Postal Code: 56474
Geo Lat: 46.725408
Geo Lon: -94.405016
Subdivision:
County: Cass
Property Description
Year Built: 1972
Lot Size SqFt: 60984
Gen Tax: 4214
Specials Inst: 0
High School: Pine River-Backus
Square Ft. Source:
Above Grade Finished Area: 1584
Below Grade Finished Area: 924
Below Grade Unfinished Area:
Total SqFt.: 2508
Style: Array
Total Bedrooms: 6
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: