602 3rd Street N, Princeton, MN 55371 (MLS# 7024363)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1920
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1653
Above Ground SqFt: 2568
Below Grd Total SqFt: 1653
Total SqFt: 4221
Foundation Size: 1653
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2568.00
Lot Dimensions: 115' x 206'
Acres: 0.54
Garage Stalls: 0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Unfinished Construction Status: Previously Owned Existing Financing: Conventional Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Unit Owner Pays: Gas; Insurance; Taxes; Water Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Trash Collection Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Cooling: None Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Cooling: None Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 310000
ListPrice: 299000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 602
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: N
Postal City: Princeton
County: Mille Lacs
State: MN
Zip Code: 55371
Complex/Dev/Subdivision: Princeton - Original Townsite

Assessments

Assessment Installment: 606.04
Tax With Assessments: 2918
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2568

More Information

Income and Expenses

Annual Caretaker Expense: 1200
Annual Fuel Expense: 1800
Annual Gross Expenses: 13630
Annual Gross Income: 41400
Annual Insurance Expense: 3500
Annual Net Income: 27770
Annual Repair Expense: 3312
Annual Water/Sewer Expense: 900
Total Annual Expenses: 13630
Annual Electric Expense: 0
Annual Maintenance Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 26
Section#: 33
Township#: 36

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Annual Rent: 25800
Finished SqFt: 1653
Full Baths: 2
Monthly Expense: 284
Monthly Rent: 2150
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 9

Unit 2

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 13800
Finished SqFt: 915
Full Baths: Yes
Monthly Expense: 284
Monthly Rent: 1150
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: PRINCETON - ORIGINAL TOWNSITE E 1/2 OF LOTS 1, 2, & 3 BLK 21 & S 1/2 OF VAC ALLEY ADJ & W 1/2 OF VAC 6TH AV N ADJ
Listing City: Princeton
Map Page: 227
Municipality: Princeton
School District: Princeton
School District Phone: 763-389-2422
Zip Plus 4: 1045
Property ID Number: 240400870
Tax Year: 2025
Tax Amount: 2311.96
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Up/down duplex in Princeton. Renovated interior. New vinyl siding. 3 BR / 2 BA main floor unit. 2 BR / 1 BA 2nd floor unit. Separate electricity. Forced air furnace. Main floor unit could be divided into two units.
Directions: Go East on 95 for 1.2 miles off Hwy 169. At the traffic circle, take the 1st exit onto Rum River Dr. Turn right onto S 3rd Street. Destination will be on the right.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Vinyl: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Unit: Yes

Owner Pays

Gas: Yes
Insurance: Yes
Taxes: Yes
Water: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes
Trash Collection: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Cooling

None: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Cooling

None: Yes