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218-326-5800
Real Estate Company
450 Murray Avenue, Pine River, MN 56474
- $327,900
- 6
- BD
- 4
- BA
- 2,508
- SqFt
- List Price
- $327,900
- Status
- ACTIVE
- Days on Market
- 67
- Price Change
- ▼ $7,000 1790388957
- MLS#
- 7130852
- Subtype
- Residential Income
- Year Built
- 1972
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,508
- Acres
- 1.40
Property Description
INVESTMENT OPPORTUNITY WITH CURRENT RENTAL INCOME + ADDITIONAL POTENTIAL! Take a fresh look at 450 Murray Avenue in Pine River. Three occupied units currently generate seller-reported gross rents of $3,250/month ($39,000 annualized), while Unit 2 is vacant and not included in those income figures, offering additional potential for the next owner. Current rents are Unit 1: $1,700/month, leased through August 2027; Unit 3: $700/month, month-to-month; and Unit 4: $850/month, month-to-month. The property also has an updated rental license and offers an established tenant base from day one. Features include 6 bedrooms, 4 bathrooms, approximately 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. Convenient Pine River location near downtown, Pine River-Backus Schools, the Paul Bunyan State Trail, and Norway Lake recreational access. Whether you're looking to expand an investment portfolio or step into your first income-producing property, this one deserves a closer look. Rental figures are seller-provided.
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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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