For Sale: Foley MLS# 7036290
Active
NEW!
$195,000
Multi-family: Duplex Up and Down
3 br • 2 ba • Built 1903
1,465 sqft • 0.083 acres
MLS# 7036290
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Property Description
Income-producing up/down duplex in Foley, MN- offering strong cash flow. Excellent opportunity for both investors and owner-occupants seeking rental income and long-term value. This multi-family property features a 2 bed/1 bath main level unit and a 1 bed/1 bath upper unit, generating $2, 050/month in rental income with leases in place through Fall 2026. The upper-level unit has been recently updated (2024–2025) with new flooring, fixtures, and kitchen improvements, while the main-level unit offers additional updates and future value-add potential. See supplements for more details. Includes a detached 2-stall garage and separately metered utilities. Access to laundry from the main level unit. Tenants pay gas, electric, lawn care, and snow removal, helping keep expenses low. Ideal for investors seeking a cash-flowing rental property or for owner-occupants looking to house-hack and offset their mortgage.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$195,000
Price per sq ft:
$133
Property Type:
Multi-family
City:
Foley
Garage Spaces:
2
County:
Benton
Year Built:
1903
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56329
Subdivision Name:
Town Of Foley
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
1,465 ft2
Living Area:
1,465 ft2
Refrigerators:
Two
Basement Details:
- Concrete
- Unfinished
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
Paved Streets
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.083
Geolocation:
45.663496, -93.912346
Lot Dimensions:
30 x 120
Schools
School District:
1872
District Phone:
3209687175
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,860
Annual Maintenance Expense:
$2,430
Annual Trash Expense:
$462
Annual Water/Sewer Expense:
$2,552
Tenant Expenses:
Electricity, Gas, Lawn Care, Snow Removal
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,704
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,704
Income
Annual Gross Income:
$24,600
Rent
Annual Net Income:
$15,436
Units
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
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 RE/MAX Advantage Plus.
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.