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Archived almost 2 years ago

$733,000

5+ bd 4+ ba 3439 sqft

3711 Linda Road, Hermantown, MN 55811

Residential SFR Occupied

Current Rent **

N/A

Projected Rent **

$2,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Luxury Investment Opportunity

This stunning 5-bedroom, 4-bathroom home in Hermantown is situated on over an acre of land and is situated on a corner lot. The detached garage provides great potential for additional living space! The living areas in the home are spacious and the office on the main level could easily be converted into an additional bedroom. Main floor laundry adds to the ease of daily living. The lower level features a family room with in-floor heat and the potential to add a bar or kitchenette to add even more entertainment value to this already impressive home. There's a 3-car garage, and an additional detached garage (all with in-floor heat) so there's plenty of space for vehicles and storage. This property also includes RV parking and dump station, making it perfect for those who love to travel. This one-owner property has been maintained with care. This home truly has it all!

Location:

3711 Linda Road, Hermantown, MN 55811

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.