For Sale: Two Harbors MLS# 7148719
Active
$455,900
Multi-family: Duplex Up and Down
4 br • 4 ba • Built 1893
2,473 sqft • 0.104 acres
Lake Superior schools
MLS# 7148719
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Property Description
Opportunity knocks with this proven, turnkey income producing duplex located in the heart of Two Harbors! Generating an annual average of approximately $91, 000 in gross short term rental revenue, this beautifully furnished, fully equipped property offers an exceptional opportunity for investors or owner occupants. The spacious lower unit features 3 bedrooms, 3 baths, a large kitchen and dining area. The upper unit offers 1 bedroom and 1 bathroom. Both have private laundry and separate utilities. There's a nice back yard, a deck, garage and additional off-street parking. Ideally located within walking distance to shopping, dining, and Lake Superior! Meticulously updated and maintained throughout, it is sold furnished and ready to continue operating as a short-term rental, transition to long term rental or provide the flexibility to live in one unit while earning income from the other!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$455,900
Price per sq ft:
$184
Property Type:
Multi-family
City:
Two Harbors
Garage Spaces:
1
County:
Lake
Year Built:
1893
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55616
Subdivision Name:
Minnesota Iron Companys
Interior
Bedrooms:
4
Bathrooms:
4
Finished Area:
2,473 ft2
Living Area:
2,473 ft2
Basement Details:
- Partial
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
240 ft2
Foundation Size:
2,473 ft2
Foundation Dimensions:
22x28+12x20
Handicap Accessible:
None
Heating System:
- Ductless Mini-Split
- Forced Air
Parking Features:
Detached Garage
Rooms
Laundry:
In Unit
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.104
Geolocation:
47.022136, -91.67221
Lot Dimensions:
32.5 x 140
Zoning:
Residential-Single Family
Schools
School District:
381
District Phone:
2188348216
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$1,740
Annual Fuel Expense:
$1,380
Annual Insurance Expense:
$1,584
Annual Maintenance Expense:
None
Annual Trash Expense:
$480
Annual Water/Sewer Expense:
$480
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,448
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,488
Income
Annual Gross Income:
$93,727
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Minnesota Power
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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 RE/MAX Results.
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.