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$314,900   Price Analysis
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409 Meadow Dr
McGregor, MN 55760
5 bed 4 bath 3,500 SqFt ($89/SqFt)
2.43 acre lot. Built 1974
Listed 2024-04-22, Taxes $942
USDA Eligible
near McGregor, MN
 Restrictions may apply
due to home size

Discover an exceptional investment opportunity with this cash-flowing property.

Situated in a prime location, this income-generating asset promises stea dy returns and long-term growth potential.

With a strategic position and strong rental demand, this property offers a reliable stream of income. Don't miss out on this lucrative investment opportunty inquire now!


Presented by Dillon Dale at
EXP Realty .
Listing Agent Photo

Property MLS #6523474 from NorthstarMLS

Bedrooms: 5

Full Bathrooms: 4

Fuel Expense: 3037.00
Heating Features: Baseboard, Forced Air
Heating Fuel: Electric, Propane

Wood

Land Lease Amount Frequency: No
Lot Size Acres: 2.43
Lot Size Dimensions: irregular
Lot Size Square Feet: 105851

Parking Features: Driveway - Gravel

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 889.00

Gross Income: 46605.00

Number of Units: 4

School District: 4 - McGregor

Mcgregor Secondary is a public middle and high school located approximately 0.9 miles away.
directions icon Map directions

Mcgregor Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Annual Tax Amount: 1187.34
Source Listing Status: Active
County: Aitkin
Directions: From 210, enter town, then head north on 65. Property is almost immediately on your left, located between Fireside Inn and Crossroads Hotel.
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 1763.00
Parcel Number: 140043005
Trash Expense: 1076.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$50,400 + $41,800
$92,200
$942
2021$50,400 + $41,800
$92,200
$972
2020$50,400 + $41,800
$92,200
$2,646
2019$50,400 + $41,800
$92,200
$1,446
2018$50,400 + $41,800
$92,200
$1,032
2017$50,400 + $41,800
$92,200
$1,820
2016$50,400 + $41,800
$92,200
$1,856
2015$50,400 + $48,200
$98,600
$1,958
2014$50,400 + $48,200
$98,600
$1,966
2013$50,400 + $48,200
$98,600
$1,902
2012$50,400 + $50,800
$101,200
$1,846
2011$50,400 + $56,300
$106,700
$1,844

Price Changed 2024-05-29
$314,900
NorthstarMLS
Listed 2024-04-22
$325,000
NorthstarMLS
Sold 2022-09-30
$240,000
NorthstarMLS
Listed 2022-04-01
$249,900
NorthstarMLS

Operating Expense: 13001.00

Total Square Feet Living: 3500
Above Grade Finished Area: 3500
Foundation Area: 3500.00
Property Age: 50
Property Condition: Previously Owned
Levels or Stories: 1
Total Above Grade Sqft Area: 3500.00
Total Area Main: 3500.00

Electric: Circuit Breakers
Electric Expense: 4540.00
Sewer: City Sewer/Connected
Water Sewer Expense: 982.00
Water Source: City Water/Connected

Accessibility Features: Doors 36+, Hallways 42+, No Stairs Internal
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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.