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$209,800   Price Analysis
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4840 Jackpine Rd NW
Eckles, MN 56601
5 bed 2 bath 1,960 SqFt ($107/SqFt)
1.63 acre lot. Built 1970
Listed 2024-04-12, Taxes $426
USDA Eligible
near Andrusia, MN
 

11% CAP Rate - 4 Unit Mobile Home Park with tremendous tenants and in a great location.

The two southernmost homes are owned and rented out, the two northernmost homes are tenant owned with the lots being rented. This rental property has l ittle owner expenses, tenants pay for their own heat and electricity.

The property includes a private well and 2 separate septic systems for minimal water/sewer expense. Unit #4 is a 3 bedroom 1 bathroom, 980 SqFt. Unit #3 is a 2 bedroom, 1 bathroom, 980 SqFt. Contact your agent for finncials.


Presented by Nick Hoover at
Coldwell Banker Crown Realtors.
Listing Agent Photo

Property MLS #6518044 from NorthstarMLS

Bedrooms: 5

Full Bathrooms: 2

Fuel Expense: 100.00
Heating Features: Forced Air
Heating Fuel: Propane

Land Lease Amount Frequency: No
Lot Size Acres: 1.63
Lot Size Dimensions: 330ftx220ft
Lot Size Square Feet: 71003

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 26700.00

Number of Units: 4

School District: 31 - Bemidji

Bemidji Middle School is a public middle school located approximately 5.1 miles away.
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Bemidji Senior High School is a public high school located approximately 6.3 miles away.
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Solway Elementary School is a public elementary school located approximately 8.4 miles away.
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Heartland Christian Academy is a private elementary and middle school located approximately 1.8 miles away.
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Annual Tax Amount: 448.00
Source Listing Status: Active
County: Beltrami
Directions: West on highway 2, then North on County 9, Left at Jackpine road, 4 unit mobile home park
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 1011.12
Manager Expense: 700.00
Parcel Number: 120017200
Trash Expense: 456.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$unknown + $28,000
$28,000
$426
2020$unknown + $28,000
$28,000
$426
2019$unknown + $26,900
$26,900
$394
2018$unknown + $26,900
$26,900
$384
2017$unknown + $26,900
$26,900
$396
2016$unknown + $26,900
$26,900
$382

Price Changed 2024-05-08
$209,800
NorthstarMLS
Listed 2024-04-12
$224,800
NorthstarMLS
Sold 2021-05-06
$34,000
Public Record

Net Operating Income: 22709.00
Operating Expense: 3991.00

Total Square Feet Living: 1960
Above Grade Finished Area: 1960
Foundation Area: 1960.00
Property Age: 54
Property Condition: Previously Owned
Levels or Stories: 1
Total Above Grade Sqft Area: 1960.00
Total Area Main: 1960.00

Electric Expense: 1276.00
Sewer: Septic System Compliant - Yes
Water Source: Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.