For Sale: Bovey MLS# 7163641
Active
NEW!
$180,000
Multi-family: Duplex Up and Down
4 br • 2 ba • Built 1970
1,620 sqft • 0.27 acres
Greenway schools
MLS# 7163641
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Property Description
Two units, multiple possibilities, and income potential. Whether you're looking to offset your mortgage or expand your investment portfolio, this Bovey duplex deserves a closer look. The main floor offers a 2 bedroom, 1 bath unit renting for $1, 000/month, while the upper level features a 2 bedroom, 0.75 bath unit that previously rented for $950/month, offering a combined $1, 950 in monthly rental income. The lower level adds versatility with bonus space featuring a kitchenette and bath with shower. Outside, you'll appreciate the spacious, fenced yard spanning three lots that have been surveyed with property markers. The intentional upgrade of solar installation and new electrical meters in 2025 serve the house and garage for energy efficiency. The garage floor has also been prepped for fresh concrete. Live in one unit while generating income from the other, or rent both and enjoy the benefits of an investment property.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$180,000
Price per sq ft:
$111
Property Type:
Multi-family
City:
Bovey
Garage Spaces:
2
County:
Itasca
Year Built:
1970
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55709
Subdivision Name:
Bovey
Interior
Bedrooms:
4
Bathrooms:
2
Finished Area:
1,620 ft2
Living Area:
1,620 ft2
Refrigerators:
Two
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
27 x 30
Garage Size:
840 ft2
Foundation Size:
720 ft2
Foundation Dimensions:
20 x 36
Fencing:
Full, Other, Wire, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Detached Garage
- Gravel
Road Frontage:
City Street
Roof Details:
Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.27
Geolocation:
47.294545, -93.417492
Lot Dimensions:
95 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
316
District Phone:
2182477306
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$100
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
None
Annual Trash Expense:
$300
Annual Water/Sewer Expense:
$2,160
Tenant Expenses:
Broadband, Electricity, Fuel
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,443
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,524
Income
Annual Gross Income:
$23,400
Rent
Annual Net Income:
$20,840
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
- Solar
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of COLDWELL BANKER NORTHWOODS.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.