1401 Norwood Street, Brainerd, MN 56401

$379,000
Active for Sale
 
Listing ID 11736145
Property Type Multi-Unit (5+)
Commercial Type Residential/Multifamily, RESIDENTIAL INCOME, Residential Income
County Crow Wing
School BRAINERD PUBLIC SCHOOL DISTRICT
Total Tax $3,766
Tax ID 41300654 - 41300653
FEMA Flood Map fema.gov/portal
Year Built 1938
   
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6 UNIT INVESTMENT OPPORTUNITY - BRAINERD LAKES AREA

Excellent investment opportunity in the heart of the Brainerd Lakes Area. This well-maintained 6-unit property offers a strong unit mix with three two bedroom apartments, two one-bedroom units and one efficiency unit. Property has good rental history all units are month to month at this time. Additional lot is included in this property and could be developed for future use. Current owner provides his own lawn care and snow removal and would be available to contract that out in the future for any new owners. This property offers strong income potential in the highly desirable Brainerd Lakes Area. 48 hour notice for all showings.
Property Details
  • 4 Full Baths
  • 2 Half Baths
  • 3180 SF (AG)
  • 3180 SF (Total)
  • 0.17 Acres
  • Built in 1938
  • 3 Stories
Unit Information
Unit #1 – Rent Price: 750, Bedrooms: 2, Full Baths: 1, Occupied, Unit Count: 1
Unit #2 – Rent Price: 850, Bedrooms: 2, Full Baths: 1, Occupied, Unit Count: 2
Unit #3 – Rent Price: 650, Bedrooms: 1, Full Baths: 1, Occupied, Unit Count: 3
Unit #4 – Rent Price: 738, Bedrooms: 2, Full Baths: 1, Occupied, Unit Count: 4
Unit #5 – Rent Price: 550, Bedrooms: 1, Half Baths: 1, Occupied, Unit Count: 5
Unit #6 – Rent Price: 800, Bedrooms: 1, Half Baths: 1, Occupied, Unit Count: 6
Interior Features
  • Carpet Flooring
  • Linoleum Flooring
  • Forced Air
  • Natural Gas Fuel
Exterior Features
  • Frame Construction
  • Stucco Siding
  • Asphalt Shingles Roof
  • Municipal Water
  • Municipal Sewer
  • Trees
Commercial Info
  • 6 Parking Spaces
  • Park On Site
Income/Expenses
  • Gross Income $52,000
  • Net Income $37,150
  • Operating Exp $500
  • Maintainence Exp $500
  • Insurance Exp $2,640
  • Heat Exp $7,500
  • Water Exp $2,700
  • Misc Exp $1,010
  • Total Exp $14,850
  • Paid by Landlord: Gas, Ord. Maint., Struct. Maint., Ground Maint.
Taxes and Fees
  • $3,766 Total Tax
  • Tax Year 2026
Listed By
Your Home Sold Guaranteed Realty Exclusive
Office: 218-252-1373
Mobile: 218-568-3311
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