Courtesy: Anchor Realty
612-501-2878
Outstanding multi-family opportunity in the heart of Babbitt! This well-maintained 4-plex offers the perfect setup for both investors and owner-occupants. Live comfortably in the spacious owner’s unit while rental income from the additional units and detached garages helps offset your monthly mortgage expenses, or maximize the property as a full income-producing investment. The property has seen numerous recent improvements, including new roofs on both buildings, updated siding, and fresh exterior paint, providing peace of mind for years to come. Tenants enjoy access to a shared laundry area, while the owner’s unit features private laundry and a cozy gas fireplace that adds warmth and character to the space. Additional upgrades include newer windows and other key updates throughout the property. Conveniently located near lakes, parks, snowmobile and ATV trails, and endless outdoor recreation, this property combines strong rental potential with a desirable northern Minnesota location. Whether you’re a first-time buyer looking to build equity while tenants contribute toward your housing costs or an investor searching for a solid addition to your portfolio, this property offers exceptional opportunity and long-term potential.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Babbitt is located in Minnesota. Babbitt, Minnesota has a population of 1,364. Babbitt is less family-centric than the surrounding county with 13.48% of the households containing married families with children. The county average for households married with children is 26.31%.
The median household income in Babbitt, Minnesota is $45,250. The median household income for the surrounding county is $61,213 compared to the national median of $69,021. The median age of people living in Babbitt is 53.8 years.
The average high temperature in July is 77 degrees, with an average low temperature in January of -9 degrees. The average rainfall is approximately 29.3 inches per year, with 63.3 inches of snow per year.
