450 Murray Avenue, Pine River, MN 56474
- $334,900
- 6
- BD
- 4
- BA
- 2,508
- SqFt
- List Price
- $334,900
- Status
- ACTIVE
- Days on Market
- 21
- MLS#
- 7130852
- Subtype
- Residential Income
- Year Built
- 1972
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,508
- Acres
- 1.40
Property Description
**INVESTOR OPPORTUNITY – INCOME-PRODUCING FOURPLEX IN PINE RIVER! ** This 4-unit property has 3 occupied units generating $3,250/month in current gross rental income, or $39,000 annualized, based on seller-provided rents. Current rents: Unit 1 – $1,700/month; Unit 3 – $700/month; Unit 4 – $850/month. Unit 2 is currently vacant and not included in the income figures. Offered at $334,900, the property provides immediate rental income, an established tenant base, and additional upside. Features include 6 bedrooms, 4 bathrooms, approx. 2,508 finished sq. ft., a spacious in-town lot, 2-stall garage, new deck, new kitchen flooring, remote-controlled ceiling fans, and more than $15,000 in recent updates. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
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Additional Information
- Taxes
- $4,214
- Zoning
- Residential-Multi-Family
- Heating
- Baseboard, Forced Air
- Stories
- Modified Two Story
- Levels
- Modified Two Story
- Roof
- Asphalt
- Pool Type
- None
- Parking
- Attached Garage, Asphalt
- Garage Spaces
- 2
- School District
- Pine River-Backus
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Listing courtesy of eXp Realty.
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