208 SW 3rd Avenue, Forest Lake, MN 55025 - MLS #4108470

208 SW 3rd Avenue, Forest Lake, MN 55025
208 SW 3rd Avenue
Forest Lake, MN 55025
MLS #4108470
$464,900
4 Units
0.23 Acres
208 SW 3rd Avenue, Forest Lake, MN 55025 Photo 1208 SW 3rd Avenue, Forest Lake, MN 55025 Photo 2

Property Details

Great investment opportunity, close to schools, shopping & the lake. Great rent history. All applicances included in each unit.
  • Propery Type MF
  • Total Number of Units 4
  • Year Built 1960
  • Acres 0.23
  • Foreclosure Status No
  • Lender Owned No
  • Lot Description Corner Lot,Tree Coverage - Light,City Bus (w/in 6 blks)
  • Lot Dimensions 65 x 146 x 66 x 157
  • Status Active
  • Style (MF) Apartments/Multifamily

Community & Schools

  • Municipality Forest Lake
  • County Washington
  • Postal City Forest Lake (MN)
  • School District 831 - Forest Lake
  • School District Phone 651-982-8100

Interior Features

  • Total Finished Square Footage 2560
  • Handicap Accessible Counters,Hallways/Doors
  • Basement Finished (Livable),Sump Pump,Day/Lookout Windows
  • Shared Rooms Other
  • Above Ground Finished SqFt 1280
  • Below Ground Finished SqFt 1280
  • Unit 1 Amenities Kitchen Window
  • Unit 1 B1 Dimensions 12x12
  • Unit 1 B1 Level Main (Ground)
  • Unit 1 B2 Dimensions 12x12
  • Unit 1 B2 Level Main (Ground)
  • Unit 1 Bath Characteristics Main Floor Full Bath
  • Unit 1 Bath Full 1
  • Unit 1 Total Baths 1
  • Unit 1 Bedrooms 2
  • Unit 1 Total Expenses 122
  • Unit 1 Kitchen Dimensions 8x12
  • Unit 1 Kitchen Level Main (Ground)
  • Unit 1 Living Room Dimensions 11x13
  • Unit 1 Living Room Level Main (Ground)
  • Number of Unit 4
  • Unit 1 Number of Units 3
  • Unit 1 Parking Spaces 1
  • Unit 1 Special Rooms All Living Fac. on One Level
  • Unit 1 Total Rooms 5
  • Unit 1 Finished Square Footage 660
  • Unit 2 Amenities Kitchen Window
  • Unit 2 Bedroom 1 Dimensions 12x12
  • Unit 2 Bedrrom 1 Level Main (Ground)
  • Unit 2 Bedroom 2 Level 12x12
  • Unit 2 Bedrrom 2 Level Main (Ground)
  • Unit 2 Bath Characteristics Main Floor Full Bath
  • Unit 2 Full Bath 1
  • Unit 2 Total Baths 1
  • Unit 2 Number of Bedrooms 2
  • Unit 2 Kitchen Dimensions 8x12
  • Unit 2 Kitchen Level Main (Ground)
  • Unit 2 Living Room Dimensions 11x13
  • Unit 2 Living Room Level Main (Ground)
  • Unit 2 Number of Units 3
  • Unit 2 Parking Spaces 1
  • Unit 2 Special Rooms All Living Fac. on One Level
  • Unit 2 Total Rooms 5
  • Unit 2 Finished Square Footage 660
  • Unit 3 Amenities Kitchen Window
  • Unit 3 Bedroom 1 Dimensions 12X12
  • Unit 3 Bedroom 1 Level Main (Ground)
  • Unit 3 Bedroom 2 Dimensions 12X12
  • Unit 3 Bedroom 2 Level Main (Ground)
  • Unit 3 Bath Characteristics Main Floor Full Bath
  • Unit 3 Full Baths 1
  • Unit 3 Total Baths 1
  • Unit 3 Bedrooms 2
  • Unit 3 Kitchen Dimensions 8X12
  • Unit 3 Kitchen Level Main (Ground)
  • Unit 3 Living Room Dimensions 11X13
  • Unit 3 Living Room Level Main (Ground)
  • Unit 3 Number of Units 3
  • Unit 3 Other Parking Spaces 1
  • Unit 3 Special Rooms All Living Fac. on One Level
  • Unit 3 Total Rooms 5
  • Unit 3 Finished Square Footage 660
  • Unit 4 Amenities Kitchen Window
  • Unit 4 Bedroom 1 Dimensions 12X12
  • Unit 4 Bedroom 1 Level Main (Ground)
  • Unit 4 Bath Characteristics Main Floor Full Bath
  • Unit 4 Full Baths 1
  • Unit 4 Total Baths 1
  • Unit 4 Bedrooms 1
  • Unit 4 Kitchen Dimensions 8X12
  • Unit 4 Kitchen Level Main (Ground)
  • Unit 4 Living Room Dimensions 11X13
  • Unit 4 Living Room Level Main (Ground)
  • Unit 4 Number of Units 1
  • Unit 4 Other Parking Spaces 1
  • Unit 4 Special Rooms All Living Fac. on One Level
  • Unit 4 Total Rooms 4
  • Unit 4 Finished Square Footage 580

Exterior Features

  • Exterior Brick/Stone
  • Fencing None
  • Road Frontage City,Paved Streets,Curbs,Other
  • Parking Characteristics Detached Garage,Covered,Driveway - Asphalt,Driveway - Shared,Unassigned
  • Garage Stalls 2
  • Roof Asphalt Shingles,Age Over 8 Years

Appliances & Utilites

  • Water City Water/Connected
  • Fuel Natural Gas
  • Heating Forced Air
  • Unit 1 Appliances Range,Exhaust Fan/Hood,Refrigerator,Freezer
  • Unit 1 Air Window
  • Unit 2 Appliances Range,Exhaust Fan/Hood,Refrigerator,Freezer
  • Unit 2 Air Window
  • Unit 3 Appliances Range,Exhaust Fan/Hood,Refrigerator,Freezer
  • Unit 3 Air Window
  • Unit 4 Appliances Range,Exhaust Fan/Hood,Refrigerator,Freezer
  • Unit 4 Air Window
  • Number of Ranges One Per Unit
  • Number of Refrigerators One Per Unit
  • Sewer City Sewer/Connected

Financial Details

  • Annual rent 7800
  • Annual Gross Income 42599
  • Annual Caretaker Expense 2400
  • Annual Electric Expense 1200
  • Annual Fuel Expense 1200
  • Annual Insurance Expense 740
  • Annual Maintenance Expense 600
  • Annual Repair Expense 600
  • Annual Gross Expense 11140
  • Total Annual Expenses 10400
  • Annual Trash Expense 1500
  • Annual Water/Sewer Expense 5400
  • Unit 1 Monthly Rent 650
  • Unit 2 Annual Rent 7800
  • Unit 2 Total Expenses 122
  • Unit 2 Monthly Rent 650
  • Unit 3 Annual Rent 7800
  • Unit 3 Total Expenses 122
  • Unit 3 Monthly Rent 650
  • Unit 4 Annual Rent 6720
  • Unit 4 Total Expenses 122
  • Unit 4 Monthly Rent 560
  • Tax Amount 2908
  • Tax With Assessments 2908
  • Tax Year 2011
  • Tenant Expenses Electric,Fuel,Cable T.V.

Miscellaneous Details

  • Amenities - Shared Coin-op Laundry Leased,Fire Sprinkler System,Concrete Floors & Walls
  • Construction Status Previously Owned
  • Foundation Size 1280
  • Homestead No
  • Potential Short Sale No
  • Zoning Residential-Multi-Family

Map & Directions

From the south, take Hwy 61 north to Forest Lake. Take a left on 4th Ave SW. Go right on SW 2nd Street. Take a left on 3rd Ave SW. Property on the left.
Map for 208 SW 3rd Avenue, Forest Lake, MN 5502545.275303-92.986596
Map locations are not exact and are meant to be an estimated reference only.
Listing information for 208 SW 3rd Avenue, Forest Lake, MN 55025 was graciously provided by our friends at the listing brokerage, Luke Team Real Estate

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

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