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Renovated Duplex with Lower Apartment

120 Cedar Ave, Moose Lake, MN 55767

For Sale
$590,000

Separate upper and lower living areas allow for residential use alongside a rental unit.

Property Size4,454 SF
Price / SF$132.47
Days on Market55

Property Features for 120 Cedar Ave

General Information

Standard status Active
Size 4,454 SF
Property subtype Residential Income

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $4,344

Building Details

Year Built 1925
Buildings 1
Construction stone
Listing Agency: Evergreen Realty LLC
Listed By: Desiree Chandler · License MN #40912518
Source: Exprealty
Added: Sep 19 Changed: Nov 9 Last Checked: Nov 10 at 9:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evergreen Realty LLC

Rey
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Investment Insights

Based on property information with market context.

At 120 Cedar Ave in Moose Lake, this renovated stone duplex dates to 1925 and contains an upper residence and a downstairs apartment. The upper level has high ceilings and large windows. Renovation work included HVAC, electrical and plumbing systems, as well as kitchens, bathrooms, bedrooms, flooring and fixtures.

Moosehead Lake is nearby, with a sandy beach, fishing pier, boat launch, walking and hiking trails, and ATV trails. Local dining and a brewery are also noted in the surrounding area.

Key Highlights

  • Stone duplex built in 1925
  • Downstairs apartment and separate upper residence
  • Renovations included HVAC, electrical, plumbing, kitchens, bathrooms, bedrooms, flooring and fixtures

Property Analytics

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Lease Details

2
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

265
Businesses Nearby

Demographics for 55767, MN

4,495
Population
1,534
Households
2.9
Avg Household Size
44
Median Age
14%
College-Educated
92%
High-School Grad
56.5 sq mi
ZIP Area
80
Density / Sq Mi
$73,810
Median Household Income
$31,761
Median Earnings
$909
Median Rent
$226,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate upper and lower living areas allow for residential use alongside a rental unit.
Where is this duplex located?
The property is located at 120 Cedar Ave Moose Lake, MN.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Stone duplex built in 1925; Downstairs apartment and separate upper residence; Renovations included HVAC, electrical, plumbing, kitchens, bathrooms, bedrooms, flooring and fixtures
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