408 Atlantic Avenue, Waverly, MN 55390 (MLS# 7048946)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 754
Above Ground SqFt: 1501
Total SqFt: 1501
Foundation Size: 754
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1501.00
Lot Dimensions: 2614
Acres: 0.08
Assessment Pending: No
# Carport Spaces: 0
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Basement: Crawl Space Construction Status: Previously Owned Exterior: Shakes Foundation: Concrete Block; Stone Fuel: Electric Heating: Baseboard Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Unit 1 Cooling: Wall Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 249000
ListPrice: 249000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 408
Street Name: Atlantic
Street Suffix: Avenue
Postal City: Waverly
County: Wright
State: MN
Zip Code: 55390
Complex/Dev/Subdivision: Original Waverly

Assessments

Tax With Assessments: 1598
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1501

More Information

Income and Expenses

Annual Gross Expenses: 5996
Annual Gross Income: 21090
Annual Insurance Expense: 1922
Annual Maintenance Expense: 600
Annual Net Income: 15094
Annual Repair Expense: 600
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 5996
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 26
Section#: 33
Township#: 119

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 11700
Finished SqFt: 693
Full Baths: Yes
Monthly Rent: 975
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: Yes

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 11700
Finished SqFt: 693
Full Baths: Yes
Monthly Rent: 975
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: Yes

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: SECT-33 TWP-119 RANGE-026 ORIGINAL PLAT WAVERLY LOT-007 BLOCK-019
Listing City: Waverly
Map Page: 86
Municipality: Waverly
School District: Howard Lake-Waverly-Winsted
School District Phone: 320-543-3521
Zip Plus 4: 4358
Property ID Number: 116010019070
Tax Year: 2024
Tax Amount: 1598
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Up / Down duplex in Waverly offering strong rental history and owner-occupant potential. Each unit features a 1 bed, 1 bath unit. New maintenance free siding and windows installed this spring. The lower unit is currently leased at $975/month on a 1-year lease. The upper unit was previously rented for $975/month and is currently vacant, allowing flexibility for an owner-occupant or the ability to place a new tenant at market rent. Great opportunity to own a cash-flowing property with upside in rents and minimal capital improvement needs. Convenient location with easy access to surrounding communities. Financials are included in the supplements.
Directions: Take Atlantic Ave and property will be on the north side.

Accessible

None: Yes

Basement

Crawl Space: Yes

Construction Status

Previously Owned: Yes

Exterior

Shakes: Yes

Foundation

Concrete Block: Yes
Stone: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

Unit 1 Cooling

Wall: Yes

408 Atlantic Avenue, Waverly, MN 55390

Overview

Description

Listing Details MLS# 7048946