Courtesy: Woods to Water Real Estate
218-961-1005
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 softener serving all units Fresh paint, carpet, and flooring in Units 1 & 3 Updated electrical in Units 1 & 3 Every unit equipped with a washer & dryer hook up Tenants pay their own electric, cable, and internet, while the landlord covers city water/sewer, lawn care, snow removal, garbage, exterior maintenance, and insurance — keeping property management simple and predictable. The property sits in a prime Hill City location just 2 blocks from Hwy 169, one block from Hill Lake, and ½ mile from Hill City High School, ensuring consistent tenant demand and long-term value growth. Whether you're looking to add stable cash flow to your portfolio or seeking a turnkey property with built-in rent growth, this 4-plex checks all the boxes.
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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Hill City is located in Minnesota. Hill City, Minnesota has a population of 569. Hill City is less family-centric than the surrounding county with 17.56% of the households containing married families with children. The county average for households married with children is 17.99%.
The median household income in Hill City, Minnesota is $38,864. The median household income for the surrounding county is $50,900 compared to the national median of $69,021. The median age of people living in Hill City is 34.9 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of -3.4 degrees. The average rainfall is approximately 28.2 inches per year, with 47.6 inches of snow per year.
