142 Kate St Marble, MN 55764

Listing details for 142 Kate St, Marble, MN 55764 : Check out this well kept 4-plex with many recent updates! The home features a 4-bedroom unit and three 2-bedroom units. Some of the recent updates include a new roof in 2019, new windows in 2017, all windows, soffit and fascia wrapped in 2017, and new coin operated washing machine in 2020. The 4-bedroom unit is rented for $795 per month and the 2-bedroom units rent for $550 per month. The tenants pay their own utilities, with the landlord paying for the common area. The common area includes a coin operated washer and dryer, which generates on average $300-500 per month in revenue. There is room to increase rents to market value and increase the monthly cash-flow. This is a fantastic location, the home is just a short walk from the beautiful Mesabi trail! Another option to build long term wealth, live in one unit and rent out the other three! Current owner has 15 years of landlord experience and is willing to work with new owner for the first six months to ensure a smooth transition.