• Main Photo

204 Lake Avenue E
Hill City, MN 55748

$344,900

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Listing Details

  • $344,900
  • MLS# 6786681
  • Type Multi Unit - Multiple
  • Status Active
  • 4,096
    Square Feet
  • 0.560 acres
    Lot Size
  • 1985
    Year Built
  • Hill City
    Local Schools

Listed By

Agency Name: Woods to Water Real Estate
Agency Phone: 218-961-1005

Shown By

Agent Name: DeDe Heller
Agent Phone: (701) 293-3333
Agency Title: Town & Country Realty

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Home Value Estimate


Description

Seize this rare opportunity to own a fully occupied 4-plex in Hill City, MN, delivering $33,133 in current annual gross rental income with immediate upside potential. Priced at $365,000, this turnkey property offers a blend of stability, recent updates, and future income growth for savvy investors.Each spacious unit features 2 bedrooms and 1 bath (one unit includes 2 baths), averaging 1,000 sq ft per unit. With long-term tenants in place and one unit currently renting at $600 while others achieve up to $900, there is built-in opportunity for rent increases to boost returns.Key updates provide peace of mind for investors:All units feature...read more

Features

  • Heating: Baseboard
  • Taxes: $2,868
  • Water: City Water/Connected
  • Year Built: 1985

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