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450 Murray Ave

Pine River MN 56474

6
4
2
2508 sq. ft.
1.4 ac.
Duplex
Currently for sale - view listing

Overview

**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.

Features

6 bedrooms
4 bathrooms
2 carspaces
2 garage spaces
2508 sq. ft. floor area
1.4 ac. lot size
Duplex

Property history for 450 Murray Ave

2021
Sold
$280,000
23 Aug 2021 by Chad Schwendeman, of Exit Lakes Realty Premier

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Local market activity for 6 bedroom duplexes in Pine River

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