For Sale: River Falls MLS# 7043333
Active
$347,000
Multi-family: Fourplex
7 br • 4 ba • Built 1873
2,786 sqft • 0.27 acres
MLS# 7043333
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Property Description
Rare opportunity for a four-plex offers an excellent mix of units: three 1-bedroom/1-bath apartments and one large 4-bedroom/1-bath unit. With a proven track record of strong rental history and all units currently leased. Perfectly located just minutes from the University of Wisconsin-River Falls (UWRF) and vibrant downtown River Falls!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$347,000
Price per sq ft:
$125
Property Type:
Multi-family
City:
River Falls
Garage Spaces:
0
County:
Pierce
Year Built:
1873
State:
WI
Property Style:
Fourplex
Zip Code:
54022
Subdivision Name:
Josiah Thayer Add
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
2,786 ft2
Living Area:
2,786 ft2
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
1,470 ft2
Handicap Accessible:
None
Heating System:
Boiler
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.27
Geolocation:
44.858901, -92.621651
Lot Dimensions:
132 x 87
Schools
School District:
1810
District Phone:
7154251800
Expenses
Annual Caretaker Expense:
$3,360
Annual Electric Expense:
$1,320
Annual Fuel Expense:
$1,140
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Electricity, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,501
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,501
Income
Annual Gross Income:
$42,000
Rent
Annual Net Income:
$36,180
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Property Executives Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.