89 Horkoff AVENUE

Key facts

• Property type: Single Family
• Structure: Fourplex
• Transaction: For Sale
• Price: $350,000
• Bedrooms: 5
• Bathrooms: 4
• Interior size: 1,560 sqft
• Lot size: 0.27
• Year built: 1970
• Listing key: 29284499

Listing overview

Well-positioned four-plex offering strong income potential and long-term investment stability in the community of Wadena. This 1,560 sq. ft. property features a total of 5 bedrooms and 4 bathrooms across four self-contained units, making it well suited for investors seeking diversified rental income within a single asset. Current tenancy includes three occupied units with one vacant suite, providing immediate upside through lease-up. Existing rents total $2,700/month, with market rents supporting approximately $4,100/month when fully stabilized (utilities included), offering a clear path to improved cash flow. Capital improvements include an updated furnace and new plumbing, helping reduce near-term maintenance risk and support long-term asset durability. The unit mix and utility-included rent structure align well with local tenant demand, contributing to consistent occupancy potential...