Virginia MN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1900
Baths:
MLS#:
6602120
Subdivision:
Virginia 2nd Add

ADDITIONAL INFORMATION

Incredible opportunity in Virginia with a 11.2% Pro Forma Cap Rate. Add coin op washer/dryer for more income. Main level recently rehabbed and rented. New Boiler and Water Heater (2024). Garage is currently used by the neighbor who maintains snow and lawn, could be rented for additional income. Upper Level tenant has been there for 1.5 years and rent can be increased to current section 8 standards. Basement is in great shape and there is additional off street parking next to the garage. Rare opportunity to buy a unit and cashflow right away or live in one unit and the other unit rent will make your mortgage payment!

Type:
Multi-Family
Sq.Ft.:
3,922
Status:
Active
Beds:
7
Lot size:
0.2 Acres
Year built:
1901
Baths:
1.00
MLS#:
6115777

ADDITIONAL INFORMATION

Here's a chance to own two homes on a single lot in Virginia! Located on a large corner lot, this duplex + triplex combination features great living spaces and a large area for tenant parking. Close to parks, coffee shops, and other amenities, this unique property offers the best of in-town living along with an opportunity to earn income while you're at it!

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Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Open House information is subject to change without notice. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. Copyright 2024, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

Andrea D. Conner, License # 40471694, Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

2024 Copyright 2024 Lake Superior Area REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Lake Superior Area REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision.




Virginia Real Estate

The median home value in Virginia, MN is $157,000. This is higher than the county median home value of $153,000. The national median home value is $219,700. The average price of homes sold in Virginia, MN is $157,000. Approximately 50.31% of Virginia homes are owned, compared to 36.15% rented, while 13.54% are vacant. Virginia 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 Virginia real estate agent to arrange a tour today!

Virginia, Minnesota has a population of 8,570. Virginia is less family-centric than the surrounding county with 24.14% of the households containing married families with children. The county average for households married with children is 26.75%.

The median household income in Virginia, Minnesota is $36,327. The median household income for the surrounding county is $50,936 compared to the national median of $57,652. The median age of people living in Virginia is 42.2 years.

Virginia Weather

The average high temperature in July is 76.5 degrees, with an average low temperature in January of -1.7 degrees. The average rainfall is approximately 28.4 inches per year, with 61.3 inches of snow per year.

Virginia Real Estate Market Conditions

  • Median sales price

    $157,000
    0.71% change since last quarter
  • # Active listings

    24
    30-day change

Virginia Schools and Demographics

Education near Virginia, MN

Metric City County
High School Graduates 93.25 93.64
College Degree - 2 year 17.65 12.42
College Degree - 4 year 20.3 28.39
Graduate Degree 4.68 6.28
Expenditures per Student 11,926 14,181
Students per Teacher 16.2 18.2

Elementary Schools near Virginia, MN

School Grades Students P/T Ratio ZIP
Franklin Elementary School PK - 04 413 14.3 55734
Merritt Elementary School PK - 06 275 13.5 55768
Parkview Elementary School PK - 02 464 15.3 55792
Roosevelt Elementary School 03 - 06 522 17 55792

Middle Schools near Virginia, MN

School Grades Students P/T Ratio ZIP
Eveleth-Gilbert Junior High School 07 - 08 183 14.7 55741
Nelle Shean Elementary School 05 - 06 162 13.6 55741

High Schools near Virginia, MN

School Grades Students P/T Ratio ZIP
East Range Academy of Tech-Science 09 - 12 131 11.6 55734
Eveleth-Gilbert Senior High School 09 - 12 304 18.5 55734
Mountain Iron-Buhl Secondary School 07 - 12 212 13.5 55768
Northeast Service Cooperative OLL 09 - 12 0 55768
Virginia Secondary School 07 - 12 690 15.3 55792

Ungraded Schools near Virginia, MN

School Grades Students P/T Ratio ZIP
* Northland Learning Center 040 09 - 12 0 55792
* Northland Learning Center 050 09 - 12 0 55792
* Northland Learning Center 080 09 - 12 0 55792
Northland Learning Center 010 PK - 12 35 11.7 55792
Northland Learning Center 020 PK - 12 46 4.8 55792
Northland Learning Center 060 KG - 12 2 55792

Demographics near Virginia, MN

Metric City County
Neighborhood Type Suburban
Population 8,570 200,294
Population Density 456 32
Median Age 42.2 41
People per Household 2 2.2
Median Household Income 36,327 50,936
Average Income per Capita 25,819 29,197