Property Listing
Description
**INVESTOR OPPORTUNITY – INCOME-PRODUCING FOURPLEX IN PINE RIVER! ** This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 – $1,700/month; Unit 3 – $700/month; Unit 4 – $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 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. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
Property Information
Status: Active
Sub Type: ********
List Price: $334,900
MLS#: 7130852
Current Price: $334,900
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: