Listed By
Agency Name: eXp Realty
Agency Phone: 612-751-9303
Shown By
Agent Name: Matt Selnes
Agent Phone: (507) 884-9206
Agency Title: Counselor Realty
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 $15,000 in recent updates. Conveniently located near downtown Pine River, Pine River-Backus Schools, the Paul Bunyan State Trail, and nearby Norway Lake with public recreational access. Rental figures are seller-provided; buyers and agents to verify rents, leases, expenses, licensing, unit configuration, and measurements.
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Local Schools
450 Murray Avenue, Pine River, MN 56474
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$ 2,231.32 per month $1,782.48 Principal & Interest $351.17 Property Tax $97.68 Homeowner's InsuranceChange Payment Information
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450 Murray Avenue, Pine River, MN 56474
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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450 Murray Avenue | MLS# 7130852
This multi-family property located at 450 Murray Avenue, Pine River, MN 56474 is currently listed for sale with an asking price of $334,900. Murray Avenue is located within the Pine River-Backus school district. Search Pine River real estate on mselnes.counselorrealtyofrochester.com today.