For Sale: Lake City MLS# 6704473
Active
$315,000
Multi-family: Duplex Up and Down
Built 1910
2,010 sqft • 0.21 acres
Lake City schools
MLS# 6704473
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Property Description
Welcome to this beautifully maintained and income-producing duplex in a convenient and charming location! With over 2, 000 finished square feet on a spacious 9, 000 sq ft lot, this versatile property offers flexible living and investment potential. Each unit is updated and move-in ready, with separate electric meters, shared gas and water/sewer service, and thoughtful upgrades throughout.
The main level (Snowdrop Apartment) features 3 bedrooms, 1 full bath, in-unit laundry, and beautifully refinished hardwood floors. The upper level (Marigold Apartment) includes 2 bedrooms, 1 ¾ baths, new carpet, fresh paint, updated light fixtures, and more. Both units are fully furnished and currently used as successful short-term rentals, generating over $33, 500 in gross revenue in the past year.
Additional features include a new roof (2024), updated landscaping, closed off interior stairwell for privacy, and a cozy backyard firepit areaâ??perfect for outdoor relaxation. Driveway has minor cosmetic needs, and three upper windows are due for replacement.
This home can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$315,000
Price per sq ft:
$157
Property Type:
Multi-family
City:
Lake City
Garage Spaces:
2
County:
Wabasha
Year Built:
1910
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55041
Subdivision Name:
Lake City
Interior
Finished Area:
2,010 ft2
Living Area:
2,010 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
Stone/Rock
Exterior
Stories:
Two
Garage Spaces:
2
Foundation Size:
1,397 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Gravel
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.21
Geolocation:
44.4497058773, -92.2650359655
Lot Dimensions:
60 x 150
Zoning:
Residential-Multi-Family
Lot Description:
Many Trees
Schools
School District:
813
District Phone:
651-345-2198
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,335
Annual Fuel Expense:
$1,176
Annual Insurance Expense:
$3,283
Annual Maintenance Expense:
None
Annual Gross Expense:
$7,863
Annual Trash Expense:
$817
Annual Water/Sewer Expense:
$454
Tenant Expenses:
Electricity, Fuel, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,904
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,008
Income
Annual Gross Income:
$32,212
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Brick & Banister Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.