Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!
The median home value in Bigfork, MN is $144,320. This is lower than the county median home value of $197,700. The national median home value is $338,100. The average price of homes sold in Bigfork, MN is $144,320. Approximately 29.79% of Bigfork homes are owned, compared to 49.47% rented, while 20.75% are vacant. Bigfork real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bigfork real estate agent to arrange a tour today!
Bigfork, Minnesota has a population of 328. Bigfork is less family-centric than the surrounding county with 20% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Bigfork, Minnesota is $28,750. The median household income for the surrounding county is $58,393 compared to the national median of $69,021. The median age of people living in Bigfork is 68 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of -4.8 degrees. The average rainfall is approximately 28.3 inches per year, with 48.5 inches of snow per year.