Sold: Frederic MLS# 5334116
Sold
$140,000 (list price)
$133,500
Multi-family: Duplex Up and Down
Built 1970
1,750 sqft•0.13 acres
Frederic schools
MLS# 5334116
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Property Description
Fantastic opportunity to invest in a property you can either use as a owner occupied place and have someone else pay Your mortgage, or collect income from two units. Unit one is a 3 Bed/1 bath, brand new tub and tub surround put in. Tenant pays own heat and electric. Has great occupancy record, never had a open unit in past 2 1/2 years. Large corner lot close to downtown Frederic and park.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$140,000
Sold Price:
$133,500
Sold Date:
04/16/2021
Price per sq ft:
$80
Property Type:
Multi-family
City:
Frederic
Garage Spaces:
0
County:
Polk
Year Built:
1970
State:
WI
Property Style:
Duplex Up and Down
Zip Code:
54837
Interior
Finished Area:
1,750 ft2
Living Area:
1,750 ft2
Above Ground Living:
900 ft2
Below Ground Living:
850 ft2
Total Ranges:
Two
Total Refrigerators:
Two
Basement Details:
- Block
- Finished
- Full
- Walkout
Exterior
Garage Spaces:
0
Heating System:
- Baseboard
- Forced Air
Foundation Size:
1,152 ft2
Handicap Accessible:
Partially Wheelchair
Shared Amenities:
- Concrete Floors & Walls
- Deck
- Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Exterior Material:
Fiber Board
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Shared Rooms:
Other
| Main Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Bedroom 1 | 12.5 x 8 | 96 |
| Unit 1 Bedroom 2 | 12.5 x 12 | 144 |
| Unit 1 Bedroom 3 | 12.5 x 10 | 120 |
| Unit 1 Kitchen | 17 x 11 | 187 |
| Unit 1 Living Room | 18 x 12 | 216 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Unit 1 Extra Room 1 | 12 x 12 | 144 |
| Basement Level | Size | Sq Ft |
|---|---|---|
| Unit 2 Bedroom 1 | 18 x 14 | 252 |
| Unit 2 Bedroom 2 | 7 x 9 | 63 |
| Unit 2 Kitchen | 13 x 16 | 208 |
| Unit 2 Living Room | 12 x 19 | 228 |
Lot
Acres:
0.13
Geolocation:
45.65899895, -92.46447865
Lot Dimensions:
130 x 50
Dev/Complex Name:
Original V Frederic
Zoning:
- Residential-Multi-Family
- Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
1939
District Phone:
715-327-5630
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
$240
Annual Insurance Expense:
$800
Annual Maintenance Expense:
$200
Annual Gross Expense:
$2,400
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$800
Tenant Expenses:
Electricity, Fuel, Grounds Care
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$1,659
Assessment Pending:
No
Taxes w/ Assessments:
$1,659
Income
Annual Gross Income:
$15,000
Unit
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Cornerstone.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.