Property Listing
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, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. 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.
Property Information
Status: Active
Sub Type: ********
List Price: $360,000
MLS#: 7036294
Current Price: $360,000
Address: 345 2nd Avenue SW, Milaca, MN 56353
City: Milaca
State: MN
Postal Code: 56353
Geo Lat: 45.751334
Geo Lon: -93.651758
Subdivision: Fifth Add To Milaca
County: Mille Lacs
Property Description
Year Built: 1920
Lot Size SqFt: 17859.6
Gen Tax: 3434
Specials Inst: 15
High School: Milaca
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2268
Style: Array
Total Bedrooms: 5
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 3
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: