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717 Summit Lane, Mora, MN 55051 - MLS #4074853

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717 Summit Lane
Mora, MN 55051

MLS #4074853

$174,900
3 Units
0.34 Acres

717 Summit Lane, Mora, MN 55051 Photo 10

717 Summit Lane, Mora, MN 55051 Photo 11

717 Summit Lane, Mora, MN 55051 Photo 12

717 Summit Lane, Mora, MN 55051 Photo 13

Property Details

Excellent opportunity for a savvy owner occupant who wants to live practically free! Rent out the other 2 units and live in the 3rd while saving money and building equity. Also a great opportunity for the investor-over $30K of improvements recently!

Propery Type MF
Total Number of Units 3
Year Built 1970
Acres 0.34
Foreclosure Status No
Lender Owned No
Lot Description Tree Coverage - Light
Lot Dimensions 100 X 150
Status Active
Style (MF) Triplex

Community & Schools

Municipality Mora
County Kanabec
Postal City Mora (MN)
Complex/Development/Subd Holmstrom's 2nd Addition
School District 332 - Mora
School District Phone 320-679-2425

Interior Features

Total Finished Square Footage 2624
Handicap Accessible None
Basement Walkout,Full,Finished (Livable),Drain Tiled,Sump Pump,Day/Lookout Windows,Egress Windows,Concrete Block
Shared Rooms Other
Above Ground Finished SqFt 1424
Below Ground Finished SqFt 1200
Unit 1 Amenities Deck,Natural Woodwork,Kitchen Window
Unit 1 B1 Dimensions 11x13
Unit 1 B1 Level Upper
Unit 1 B2 Dimensions 10x12
Unit 1 B2 Level Upper
Unit 1 B3 Dimensions 10x10
Unit 1 B3 Level Upper
Unit 1 3QTR Bath 1
Unit 1 Bath Characteristics Main Floor Full Bath,3/4 Master
Unit 1 Bath Full 1
Unit 1 Total Baths 2
Unit 1 Bedrooms 3
Unit 1 Dining Room Kitchen/Dining Room
Unit 1 Dining Room Dimensions 10x12
Unit 1 Dining Room Level Upper
UNIT1_Ex-1 Dimensions 12x12
UNIT1_Ex-1 Level Upper
Unit 1 Ex-1 Name Deck
Unit 1 Total Expenses 290
Unit 1 Kitchen Dimensions 10x13
Unit 1 Kitchen Level Upper
Unit 1 Living Room Dimensions 15x18
Unit 1 Living Room Level Upper
Unit 1 Number of Units 1
Unit 1 Parking Spaces 2
Unit 1 Special Rooms 3 BR on One Level
Unit 1 Total Rooms 8
Unit 1 Finished Square Footage 1424
Unit 2 Amenities Natural Woodwork,Other
Unit 2 Bedroom 1 Dimensions 11x11
Unit 2 Bedrrom 1 Level Lower
Unit 2 three Quarter Bath 1
Unit 2 Bath Characteristics Main Floor 3/4 Bath
Unit 2 Total Baths 1
Unit 2 Number of Bedrooms 1
Unit 2 Dining Room Eat In Kitchen
Unit 2 Dimensions 9x11
Unit 2 Dining Room Level Lower
Unit 2 Kitchen Dimensions 7x13
Unit 2 Kitchen Level Lower
Unit 2 Living Room Dimensions 12x14
Unit 2 Living Room Level Lower
Unit 2 Number of Units 1
Unit 2 Parking Spaces 2
Unit 2 Special Rooms All Living Fac. on One Level
Unit 2 Total Rooms 3
Unit 2 Finished Square Footage 800
Unit 3 Bath Characteristics Main Floor Full Bath
Unit 3 Full Baths 1
Unit 3 Total Baths 1
Unit 3 Dining Room Breakfast Area
Unit 3 Fireplace Characteristics Living Room,Wood Burning
Unit 3 Number of Fireplaces 1
Unit 3 Kitchen Level Lower
Unit 3 Living Room Dimensions 13x17
Unit 3 Living Room Level Lower
Unit 3 Number of Units 1
Unit 3 Other Parking Spaces 2
Unit 3 Special Rooms All Living Fac. on One Level
Unit 3 Total Rooms 2
Unit 3 Finished Square Footage 500

Exterior Features

Exterior Metal/Vinyl,Brick/Stone
Fencing None
Road Frontage City,Paved Streets
Parking Characteristics Attached Garage,Driveway - Asphalt,Garage Door Opener,Other
Garage Stalls 2
Roof Age 8 Years or Less

Appliances & Utilites

Water City Water/Connected
Fuel Natural Gas
Heating Baseboard,Hot Water
Unit 1 Appliances Range,Cooktop,Dishwasher,Refrigerator
Unit 1 Air None
Unit 2 Appliances Range,Refrigerator
Unit 2 Air None
Unit 3 Appliances Range,Refrigerator
Unit 3 Air None
Number of Ranges Three
Number of Refrigerators Three
Sewer City Sewer/Connected

Financial Details

Annual rent 10800
Annual Gross Income 22380
Annual Electric Expense 1315
Annual Fuel Expense 1762
Annual Insurance Expense 960
Annual Maintenance Expense 1200
Annual Repair Expense 1200
Annual Gross Expense 10473
Total Annual Expenses 10473
Annual Water/Sewer Expense 1462
Unit 1 Monthly Rent 900
Unit 2 Annual Rent 6600
Unit 2 Total Expenses 290
Unit 2 Monthly Rent 550
Unit 3 Annual Rent 4980
Unit 3 Total Expenses 290
Unit 3 Monthly Rent 415
Tax Amount 2180
Tax With Assessments 2572
Tax Year 2011

Miscellaneous Details

Construction Status Previously Owned
Foundation Size 1424
Homestead No
Potential Short Sale No

Map & Directions

In Mora-Hwy 65 to Portage Ave; east to Summit Lane; north to home on left

Map for 717 Summit Lane, Mora, MN 5505145.869483-93.289204

Map locations are not exact and are meant to be an estimated reference only.

Listing information for 717 Summit Lane, Mora, MN 55051 was graciously provided by our friends at the listing brokerage, Castle Gate Realty, Inc.

In addition to this Multi-Family real estate property, we have hundreds of addtional Mora real estate listings and homes for sale and Kanabec County real estate listings and homes for sale.

Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Nexus's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Nexus, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.

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Last Updated 05/22/2012