Property Listing
Description
Excellent investment opportunity in Breckenridge! This multi-unit property offers established rental income along with additional value-add potential. The main unit features 4 bedrooms, 2 bathrooms and two living areas, while an additional 1-bedroom, 1-bath unit provides another source of rental income. Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements, updated bathrooms, heating improvements and more. The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout. Much of the preliminary work has already been completed, including new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub and a built-in electric fireplace. Once completed, this space could provide an additional rental unit and increased income potential. Numerous improvements have also been made throughout the property, including replacement of approximately 90% of the home's copper water lines, updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup. The roof and fascia were updated approximately 10 years ago. With existing tenants, significant improvements already completed and an opportunity to increase rental income by finishing the lower level, this property offers an appealing combination of current cash flow and future upside. A great opportunity for an investor looking to expand their portfolio in Breckenridge!
Property Information
Status: Active
Sub Type: ********
List Price: $260,000
MLS#: 7148781
Current Price: $260,000
Address: 230 11th Street N, Breckenridge, MN 56520
City: Breckenridge
State: MN
Postal Code: 56520
Geo Lat: 46.265631
Geo Lon: -96.578954
Subdivision: City Breckenridge
County: Wilkin
Property Description
Year Built: 1926
Lot Size SqFt: 5662.8
Gen Tax: 2482
Specials Inst: 0
High School: Breckenridge
Square Ft. Source:
Above Grade Finished Area: 2700
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 3900
Style: Array
Total Bedrooms: 7
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: