Courtesy: eXp Realty (3788 FGO)
701-354-2725
Excellent investment opportunity in Breckenridge! This multi-unit property offers established rental income along with additional value-add potential. The main unit features 4 bedrooms, 2 bathrooms and two living areas, while an additional 1-bedroom, 1-bath unit provides another source of rental income. Both occupied units have seen extensive updates, including new flooring, fresh paint, plumbing improvements, updated bathrooms, heating improvements and more. The unfinished lower-level unit offers even more potential with a planned 2-bedroom, 1-bath layout. Much of the preliminary work has already been completed, including new framing and sheetrock, insulation, electrical work, plumbing access, a large egress window, new tub and a built-in electric fireplace. Once completed, this space could provide an additional rental unit and increased income potential. Numerous improvements have also been made throughout the property, including replacement of approximately 90% of the home's copper water lines, updated windows, exterior painting, refreshed decks and railings, and landscaping cleanup. The roof and fascia were updated approximately 10 years ago. With existing tenants, significant improvements already completed and an opportunity to increase rental income by finishing the lower level, this property offers an appealing combination of current cash flow and future upside. A great opportunity for an investor looking to expand their portfolio in Breckenridge!
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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Breckenridge is located in Minnesota. Breckenridge, Minnesota has a population of 3,439. Breckenridge is less family-centric than the surrounding county with 25.92% of the households containing married families with children. The county average for households married with children is 28.63%.
The median household income in Breckenridge, Minnesota is $44,885. The median household income for the surrounding county is $57,907 compared to the national median of $69,021. The median age of people living in Breckenridge is 41.5 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of -0.2 degrees. The average rainfall is approximately 24.3 inches per year, with 34.6 inches of snow per year.
