7583 Us Hwy 169 5 Cabins
Garrison Twp, MN 56450
MLS #4819702

Commercial
  • 2.42acres
$249,000
Est. P&I payment: $951.01/mo
7583 Us Hwy 169 5 Cabins, Garrison Twp, MN 56450
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Description for 7583 Us Hwy 169 5 Cabins, Garrison Twp, MN 56450
Invest/recreational opp. features 5 cabins on St. Albans Bay on Mille Lacs just 2 min. from Garrison. 240? of shoreline. This property is ideal for the investor or family whom may want to improve the property, utilize the shoreline to maximize rents, or to simply keep a cabin for themselves. Cabins are currently leased as primary residences and they are fully occupied. Lake docking is tenant responsibility if chosen. Gross rent $2,375/mo. Tenants pays own gas and electric.
MLS #4819702
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My Notes for MLS #4819702

General Features

  • Acres: 2.42
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1950
  • Sale Includes: Building,​Land,​Fixture/Equipment,​Leases
  • Total Number of Units: 5
  • Status: Active

Exterior Features

  • Exterior: Wood
  • Parking Characteristics: Uncovered/Open,​Driveway - Gravel
  • Road Frontage: US Highway
  • Lake/Waterfront - Y:N: 1
  • Lake/Waterfront: Lake Front
  • Lot Description: Tree Coverage - Light
  • Lot Dimensions: 240x530x250x550
  • Other Parking Spaces: 10

Interior Features

  • Building Finished Square: 2,624
  • Handicap Accessible: None
  • Basement: None
  • Roof: Asphalt Shingles,​Pitched,​Age 8 Years or Less,​Age Over 8 Years
  • Number of 1 Bedroom Unit: 1
  • Number of 2 Bedroom Unit: 4
  • Number of Units 3: 1
  • Number of Units 4: 4

Utilities Features

  • Appliances: Range,​Cooktop,​Refrigerator
  • Air Conditioning: None
  • Heating: Baseboard,​Dual Fuel/Off Peak,​Other
  • Fuel: Electric,​Propane
  • Water: Well,​Shared System,​Drilled
  • Number of Ranges: Five
  • Number of Refrigerators: Five
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Electric Expense: 420
  • Annual Insurance Expense: 2,688
  • Annual Maintenance Expense: 1,000
  • Annual Repair Expense: 800
  • Annual Gross Expense: 17,732
  • Annual Trash Expense: 1,080
  • Annual Water/Sewer Expense: 1,140
  • Unit 3 Monthly Rent: 400
  • Annual Rent 3: 4,800
  • Unit 4 Monthly Rent: 500
  • Annual Rent 4: 6,000
  • Annual Net Income: 14,852
  • Tax Amount: 2,515
  • Tax With Assessments: 2,530
  • Tax Year: 2016

Community Features

  • County: Crow Wing
  • Municipality: Garrison Twp
  • Postal City: Garrison (MN)
  • Complex/Development/Subdivision: St. Albans Bay Cabins

School Features

  • School District: 480 - Onamia
  • School District Phone: 320-532-4174

Misc Features

  • Amenities - Shared: Beach
  • Foundation Size: 2,524
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 7583 Us Hwy 169 5 Cabins, Garrison Twp, MN 56450
Just South of Garrison directly on Hwy 169
The listing information for 7583 Us Hwy 169 5 Cabins, Garrison Twp, MN 56450 was graciously provided by our friends at the listing brokerage, Edina Realty, Inc.

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Land Home Financial Services
Steven Nelson
MN
763-218-0451 Office
763-218-0451 Mobile
763-390-3138 Fax
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P&I Payment $951.01
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Last Updated 10/24/2017 at 12:16am
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