Ely MN Realtor Bear Island Land Company, Inc.

Duplex near Downtown

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2-unit apartment building within walking distance of Ely's downtown area. Building includes two 1BR apartments in a residential area. Each apartment has beautiful maple flooring in the living rooms and bedrooms with tile kitchen floors. There is a private entrance in back with inside stairs to unit 2. Full basement for additional storage. Detached 1-stall garage and off street parking space included. Great opportunity to live in one unit and have the other help pay the mortgage.
 
Tenants Level Apx Sq. Ft. Rent
Tenant #1 1 700 $400/mo.
Tenant #2 2 700 owner
 
LISTED BY: Phil Hyde
PROPERTY #2932
MLS #31577
PRICE: $69,900
TERMS: cash or bank financing
ADDRESS: 125 S. Central Ave.
BUSINESS INCLUDED: no
REAL ESTATE INCLUDED: yes
APX FOUNDATION: 34' x 20.5'
APX SQ FT: 1,394
APX LOT SIZE: 31' x 95'
APX ACREAGE: .07 acres
CONSTRUCTION: frame/wood
GARAGE: 1-stall detached
BASEMENT: full, block
HEATING: forced air, oil
UTILITIES: city water, city sewer, electricity
TOTAL UNITS: 2
# OF STORIES: 2
PARKING: off and on street parking, parking garage
ZONING: RES
TAXES: $218.10 in 2012
CLASSIFICATION: Non-homestead
PARCEL CODE: 030-0010-03460
 
APX YEAR UTILITY EXPENSE: $1,500
APX INSURANCE EXPENSE: $500
APX YEAR MAINTENANCE EXPENSE: $2,000
 
LEGAL DESCRIPTION: North 31 feet 3 inches of Lots 1-4, City of Ely
 

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Bear Island Land Co., Inc.
943 East Sheridan Street Ely, MN 55731
888-621-2268 218-365-2800