UPDATED:
Key Details
Property Type Condo
Sub Type (CC) Low Rise (3- Levels)
Listing Status Active
Purchase Type For Sale
Square Footage 1,302 sqft
Price per Sqft $149
Subdivision Vacation Villas Condo 3
MLS Listing ID 7160984
Bedrooms 2
Full Baths 1
Three Quarter Bath 1
HOA Fees $400/mo
Year Built 1978
Annual Tax Amount $1,728
Tax Year 2026
Contingent None
Lot Size 1,089 Sqft
Lot Dimensions unknown
Property Sub-Type (CC) Low Rise (3- Levels)
Property Description
Excellent rental income & investment potential. Projected 2026 financials, the villa is expected to generate close to $44,000 in annual rental revenue and approximately $25,000 in adjusted projected net operating income. Detailed financial statements are available upon request.
This unique villa features 2 separate living spaces, each with its' own private exterior entrance and deck, and there is an interior connecting door allowing both sides to function as one larger residence. Perfect for a mother-in-law suite, extended family, private guest quarters or potential rental income.
Side A features a spacious residence with soaring ceilings, beautiful wood-paneled walls, exposed beams, skylights and a stunning brick wood-burning fireplace. The open concept living and dining area offers plenty of room to entertain while the full kitchen, spacious loft and private deck add to the charm and functionality of this inviting residence.
Side B is a beautifully renovated studio that has been completely remodeled with modern finishes throughout. Featuring a kitchenette, updated bathroom with a spacious walk-in shower and a private deck overlooking the golf course.
The villa boasts recent improvements including newer washer/dryer, 80 gal. water heater, PTAC heating and cooling units, sliding glass doors and exterior entry door.
The villa also has a designated spot on the property to be able to build a one or two car garage. Dock slips are available for purchase, if available. With access to Hill Lake (fishing is phenomenal), to 100's of miles of ATV trails out your front door, and less than 2 miles from restaurants/bars in Hill City or 18 miles to Grand Rapids, what else could you ask for? Check it out today.
Location
State MN
County Aitkin
Zoning Residential-Single Family
Body of Water Hill Lake (01014200)
Lake Name Hill Lake (01014200)
Rooms
Basement None
Dining Room Breakfast Bar, Informal Dining Room
Interior
Heating Baseboard, Fireplace(s)
Cooling Wall Unit(s)
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Laundry Electric Dryer Hookup, Main Level, In Unit
Exterior
Parking Features Parking Lot
Waterfront Description Association Access
Roof Type Age Over 8 Years,Asphalt,Pitched
Road Frontage Y
Building
Story Two
Foundation 1068
Sewer City Sewer/Connected
Water Shared System, Well
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Hill City
Others
HOA Fee Include Building Exterior,Hazard Insurance,Lawn Care,Maintenance Grounds,Parking,Sanitation,Sewer,Snow Removal,Water
Nearby School & Business
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