Rare opportunity to own Multi Family Investment Property In Carlton MN! Located in the heart of Carlton, MN this Leased Fourplex offers a fantastic opportunity for investors looking to generate $42k+/yr in rental income. With it being well over the 1% rule, this property offers great cash flow potential and is perfect for both seasoned and first-time investors.
The median home value in Carlton, MN is $270,900. This is higher than the county median home value of $223,200. The national median home value is $338,100. The average price of homes sold in Carlton, MN is $270,900. Approximately 66.19% of Carlton homes are owned, compared to 27.19% rented, while 6.62% are vacant. Carlton 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 Carlton real estate agent to arrange a tour today!
Carlton, Minnesota 55718 has a population of 937. Carlton 55718 is more family-centric than the surrounding county with 29.82% of the households containing married families with children. The county average for households married with children is 29.67%.
The median household income in Carlton, Minnesota 55718 is $49,485. The median household income for the surrounding county is $68,579 compared to the national median of $69,021. The median age of people living in Carlton 55718 is 53.2 years.
The average high temperature in July is 79.4 degrees, with an average low temperature in January of 0.5 degrees. The average rainfall is approximately 31.6 inches per year, with 63.4 inches of snow per year.