345 2nd Avenue SW, Milaca, MN 56353
- $340,000
- 5
- BD
- 2
- BA
- 2,076
- SqFt
- List Price
- $340,000
- Price Change
- ▼ $20,000 1778885992
- MLS#
- 7036294
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 2,076
- Acres
- 0.41
- Subdivision
- Fifth Add To Milaca
- Year Built
- 1920
Property Description
Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit. With the upper lease in place through 2026 and the lower unit lease in place through mid June 2027, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. Main level unit has access to laundry with a new washer/dryer. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.
Additional Information
- School District
- Milaca
- Amenities Shared
- None
- Tax Year
- 2026
- Fuel
- Natural Gas
- Lot Description
- Corner Lot, Tree Coverage - Medium
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less, Asphalt
- Topography
- Level, Sloped
- Heating
- Baseboard, Boiler, Hot Water, Radiator, Radiant
- Water
- City Water/Connected
- Basement
- Daylight/Lookout Windows, Full, Unfinished
- Parking
- Detached Garage, Asphalt, Garage Door Opener
- Garage Spaces
- 3
Mortgage Calculator
Listing courtesy of RE/MAX Advantage Plus.
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