Do Real Estate on the Go!
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$365,000
4 Beds
3 Baths
4,096sqft
204 Lake Ave E, Hill, MN 55748
$365,000
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Quadruplex
Built in 1985
$-- HOA
0.56 acre lot
$89/sq.ft
Description
Seize this rare opportunity to own a fully occupied 4-plex in Hill City, MN, delivering $33,133 in current annual gross rental income with immediate upside potential. Priced at $365,000, this turnkey property offers a blend of stability, recent updates, and future income growth for savvy investors.
Each spacious unit features 2 bedrooms and 1 bath (one unit includes 2 baths), averaging 1,000 sq ft per unit. With long-term tenants in place and one unit currently renting at $600 while others achieve up to $900, there is built-in opportunity for rent increases to boost returns.
Key updates provide peace of mind for investors:
All units feature new water heaters
New water...
- Houzeo last checked: 20 Minutes ago
- Listing updated: September 24, 2025 at 1:45 pm
- Listing Provided by: | Woods to Water Real Estate
- Source: Northstar MLS-MN | MLS#: 6786681
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1985
HOA Fees
-
Finished Area
4,096 sqft
Lot Size
0.56 acre lot
Basement Area
- sqft
MLS Name
Northstar MLS
MLS Number
6786681
Days on Market
142
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