For Sale: Moorhead MLS# 7157218
Active
NEW!
$380,000
Commercial: 2 Stories
10 br • 6 ba • Built 1928
0.26 acres
Moorhead schools
MLS# 7157218
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Property Description
INVESTOR INFO:
6-plex property in N Moorhead originally a live-in build by an architect. Rare true 6-plex style build with 6 garages.
UPDATES:
New high-efficiency boiler heater. Coin operated laundry. Roof inspected and sealed. Freshly painted exterior. Windows painted. Kitchen update & new flooring (unit 2). Freshly painted units every turn since 2023.
UNIT MAKEUP:
Four 2 bed/1 bath units
Two 1 bed/1 bath units
LEASE INFO:
Unit 1: $550 M2M
Unit 2: $850 thru 7/31/2027
Unit 3: $725 M2M
Unit 4: $650 M2M
Unit 5: $695 8/21/2027
Unit 6: $650 M2M
EXPENSES: Owner pays heat, water, garbage. Tenants pay electric. Insurance: $4210 Heat: YTD $2193 Water/sewer/garbage: YTD $1831 Repairs/Maint: YTD $5822.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$380,000
Property Type:
Commercial
City:
Moorhead
Garage Spaces:
6
County:
Clay
Year Built:
1928
State:
MN
Property Style:
2 Stories
Zip Code:
56560
Subdivision Name:
Moores 1st Add
Interior
Bedrooms:
10
Bathrooms:
6
Basement Details:
Finished
Exterior
Stories:
Two
Garage Spaces:
6
Air Conditioning:
None
Foundation Size:
1,500 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Detached Garage
Roof Details:
Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.26
Geolocation:
46.883932, -96.762115
Inclusions:
Building
Lot Dimensions:
Irregular
Zoning:
- Business/Commercial
- Residential-Multi-Family
- Residential-Single Family
Schools
School District:
152
District Phone:
2182843300
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,997
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,210
Income
Annual Gross Income:
$49,440
Rent
Annual Net Income:
None
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of REAL (3961 WF).
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.