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$161,000   Price Analysis
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324 N Holcombe Ave
Litchfield, MN 55355
4 bed 2 bath 1,973 SqFt ($81/SqFt)
7,405SqFt lot. Built 1900
Listed 2024-05-04, Taxes $1,044
USDA Eligible
near Litchfield, MN
 

Income producing duplex with strong rental history.

Each unit has washer dryer hookup. Separ ate 100 amp electric panels. Separate meters.

Tenants pay heat and electrc. Unit #1 rented at $800+ per month. Unit #2 $1100+ per month.


Presented by Maria Oman at
Premier Real Estate Services.
Listing Agent Photo

Property MLS #6528962 from NorthstarMLS

Bedrooms: 4

Basement Features: Unfinished

Full Bathrooms: 2

Heating Features: Forced Air
Heating Fuel: Natural Gas

Wood
Road Frontage Type: City, Paved Streets

Land Lease Amount Frequency: No
Lot Description: Tree Coverage - Light
Lot Size Acres: 0.17
Lot Size Dimensions: 50x150
Lot Size Square Feet: 7405

Parking Features: Driveway - Gravel

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 22800.00
Tenant Pays: Electric, Fuel, Lawn, Snow, Trash

Number of Units: 2

School District: 465 - Litchfield

Litchfield Middle School is a public elementary and middle school located approximately 0.5 miles away.
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Litchfield Senior High School is a public high school located approximately 0.5 miles away.
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St Philips School is a private elementary school located approximately 0.1 miles away.
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Annual Tax Amount: 2008.00
Source Listing Status: Active
County: Meeker
Directions: Sibley Ave (Hwy 12) to 4th St - East on 4th St to Holcombe - S on Holcombe
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 1061.00
Owner Pays: Insurance, Sewer, Taxes
Parcel Number: 270692000
Zoning: Residential-Multi-Family,
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$56,500
$1,044
2021$unknown + $unknown
$58,000
$1,086
2020$unknown + $unknown
$54,600
$1,076
2019$unknown + $unknown
$53,500
$932
2018$43,300 + $15,300
$58,600
$1,006
2017$42,300 + $14,500
$56,800
$1,012
2016$36,700 + $14,500
$51,200
$978
2015$42,300 + $14,500
$56,800
$1,066
2014$43,400 + $14,500
$57,900
$994
2013$45,500 + $14,500
$60,000
$1,090
2012$51,500 + $14,500
$66,000
$1,418
2011$52,700 + $13,300
$66,000
$1,384
2009$unknown + $unknown
$67,500
$1,342

Price Changed 2024-07-27
$161,000
NorthstarMLS
Price Changed 2024-05-29
$171,000
NorthstarMLS
Listed 2024-05-04
$180,000
NorthstarMLS
Sold 2021-03-30
$139,000
Public Record

Net Operating Income: 18805.00
Operating Expense: 3995.00

Total Square Feet Living: 1973
Above Grade Finished Area: 1973
Foundation Area: 1148.00
Property Age: 124
Property Condition: Previously Owned
Roof: Asphalt Shingles, Pitched
Levels or Stories: 2
Total Above Grade Sqft Area: 1973.00
Total Area Main: 1148.00

Electric: 100 Amp Service, Circuit Breakers
Sewer: City Sewer/Connected
Water Sewer Expense: 926.00
Water Source: City Water/Connected
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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.