Cap rate over 7! This turnkey property couldn’t be placed in a better location! The expansive backyard opens up to panoramic views of the countryside. Between the tranquil setting and the large units, who wouldn’t want to rent here! There are multiple income opportunities and would even be perfect for an owner occupant, where your tenants pay your mortgage! Or you could rent all three units, and one single car garage, and one double car garage separately, or any combination. Newer roof, water heaters, A/C units, some newer appliances. Lower unit completely renovated in 2016. Room to increase rents as-is, all leases are month to month. Same tenants for 5+ years! Renters pay all utilities.
Property Details
Property Features
Property Information:
Year Built: 1967
Living Area: 3,136 SqFt
Listing Office:
Office Name: National Realty Guild
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Garage Space: 5 spaces
Lot Features
Lot Information:
Lot: Some Trees
Utilities
Utilities Information:
Heating: Steam, Forced Air
School Info
Assigned Schools Information:
Glencoe-Silver Lake Senior High School, Public District Grades 9-12
Lincoln Junior High School, Public District Grades 7-8
Lakeside Elementary, Public District Grades 3-6
Other
Directions Information:
Directions: W on 212, S on Morningside Dr,
Price Information
Listing Price Info
Price Summary:
List Price: $399,000
Price Per SqFt: $127/SqFt
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
3
/10
Lincoln Junior High School
1621 16th St E
Distance between this listing and this school1.71 miles
Public District Grades 7-8
6
/10
Lakeside Elementary
229 Lake Ave
Distance between this listing and this school10.50 miles
Public District Grades 3-6
High School
5
/10
Glencoe-Silver Lake Senior High School
1825 16th St E
Distance between this listing and this school1.77 miles
Public District Grades 9-12
Nearby Schools
7
/10
Lester Prairie Elementary
131 Hickory St N
Distance between this listing and this school10.75 miles
Public District Grades KG-5
7
/10
Central Elementary School
655 7th St SW
Distance between this listing and this school11.07 miles
Public District Grades EE-5
6
/10
Sibley East Elementary-Gaylord
500 Court Ave
Distance between this listing and this school14.02 miles
Public District Grades PK-6
Assigned Schools
3
/10
Lincoln Junior High School
1621 16th St E
Distance between this listing and this school1.71 miles
Public District Grades 7-8
6
/10
Lakeside Elementary
229 Lake Ave
Distance between this listing and this school10.50 miles
Public District Grades 3-6
Nearby Schools
5
/10
Central Middle School
531 Morse St
Distance between this listing and this school11.29 miles
Public District Grades 6-8
Assigned Schools
5
/10
Glencoe-Silver Lake Senior High School
1825 16th St E
Distance between this listing and this school1.77 miles
Public District Grades 9-12
Nearby Schools
4
/10
Sibley East Senior High School
202 3rd Ave NW
Distance between this listing and this school10.50 miles
Public District Grades 10-12
5
/10
Lester Prairie High School
131 Hickory St N
Distance between this listing and this school10.75 miles
The neighbors living near this home have an average income of $71,088. Residents of McLeod County, MN typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 9419 County Road 2 in Glencoe Twp, MN and zip code 55336. This 3,136 square foot home was built in 1967. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $399,000.
In March 2024 more than 4 listings in McLeod County, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 9 were sold below. The number of listings in McLeod County, MN increased by 20.3% between February 2024 and March 2024. In March 2024 median list price was $260,125 and the average listing age was 30 days.
From Rocket Homes Real Estate and based on county public records data.