For Sale: Hill City MLS# 6786681
Active
$365,000
Multi-family: Four Plex
Built 1985
4,096 sqft • 0.56 acres
Hill City schools
MLS# 6786681
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Property Description
Seize this rare opportunity to own a fully occupied 4-plex in Hill City, MN, delivering $33, 133 in current annual gross rental income with immediate upside potential. Priced at $365, 000, this turnkey property offers a blend of stability, recent updates, and future income growth for savvy investors.
Each spacious unit features 2 bedrooms and 1 bath (one unit includes 2 baths), averaging 1, 000 sq ft per unit. With long-term tenants in place and one unit currently renting at $600 while others achieve up to $900, there is built-in opportunity for rent increases to boost returns.
Key updates provide peace of mind for investors:
All units feature new water heaters
New water softener serving all units
Fresh paint, carpet, and flooring in Units 1 & 3
Updated electrical in Units 1 & 3
Every unit equipped with a washer & dryer hook up
Tenants pay their own electric, cable, and internet, while the landlord covers city water/sewer, lawn care, snow removal, garbage, exterior maintenance, and insurance — keeping property management simple and predictable.
The property sits in a prime Hill City location just 2 blocks from Hwy 169, one block from Hill Lake, and ½ mile from Hill City High School, ensuring consistent tenant demand and long-term value growth.
Whether you're looking to add stable cash flow to your portfolio or seeking a turnkey property with built-in rent growth, this 4-plex checks all the boxes.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$365,000
Price per sq ft:
$89
Property Type:
Multi-family
City:
Hill City
Garage Spaces:
0
County:
Aitkin
Year Built:
1985
State:
MN
Property Style:
Four Plex
Zip Code:
55748
Subdivision Name:
Bucks Add
Interior
Finished Area:
4,096 ft2
Living Area:
4,096 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
4,096 ft2
Handicap Accessible:
No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
Gravel
Shared Amenities:
- Deck
- Patio
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age Over 8 Years
- Asphalt
Lot & Land
Acres:
0.56
Geolocation:
46.9918130971, -93.5951275655
Lot Dimensions:
175 x 140
Addl Parcels:
571027500, 571027400
Zoning:
Residential-Multi-Family
Schools
School District:
2
District Phone:
218-697-2394
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
$1,778
Annual Water/Sewer Expense:
$3,449
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,868
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,868
Income
Annual Gross Income:
$33,133
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Woods to Water 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.