219 3rd Avenue, Bovey, MN 55709

$190,000
4
BD
2
BA
1,620
SqFt

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List Price
$190,000
MLS#
7130322
Status
ACTIVE
Type
Multifamily
Style
(MF) Duplex Up and Down
Bedrooms
4
Bathrooms
2
Living Area
1,620
Acres
0.27
Subdivision
Bovey
Year Built
1989

Property Description

Whether you're owner-occupying or buying an investment property, this is a unique opportunity that only comes around once in a while. This cash-flowing duplex is set on three city lots and has a massive three-stall garage for storage or more income potential! There are two units: Upstairs is a two-bedroom, one-bath with a big kitchen and a shared living room/dining area. The main floor is two-bedroom with a full bath and an eat-in kitchen. Currently the rents are $950 (up) and $1,000 (main), which is well under market rent for this area, especially when you consider that the solar panels supplement the majority of electricity the tenants use. The owner pays a flat $180 for sewer and water and the tenants pay the rest. There is an extra bathroom and kitchen area in the basement as well.

Additional Information

School District
Greenway
Tax Year
2026
Fencing
Other, Wire, Wood
Fuel
Electric, Natural Gas
Sewer
City Sewer/Connected
Roof
Age Over 8 Years, Asphalt
Heating
Baseboard, Forced Air
Water
City Water/Connected
Basement
Full
Garage Spaces
3

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Calculator source: Real Geeks

Listing courtesy of GRAND PROPERTIES REAL ESTATE.

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