09/26/2026
🚨 INVESTORS — TAKE ANOTHER LOOK AT PINE RIVER 🚨
New price. Existing income. Motivated seller. And an opportunity that may have more upside than you noticed the first time around.
📍 450 Murray Avenue, Pine River, MN
💰 NOW OFFERED AT $327,900
Here’s what caught my attention:
The property currently has THREE occupied rental units producing a seller-reported $3,250 per month — $39,000 annualized gross rental income.
And there’s more to the story.
The lower-level/Unit 2 space is currently vacant and is NOT included in that $39,000 figure. That creates an opportunity for the next owner to evaluate the space for additional rental-income potential, subject to applicable approvals, licensing and requirements.
Current reported rents:
🏠 Unit 1 — $1,700/month, leased through August 2027
🏠 Unit 3 — $700/month, month-to-month
🏠 Unit 4 — $850/month, month-to-month
🔑 Unit 2 — vacant; no projected rent included in the current income
That means you’re not looking at a property where the entire investment story depends on finding tenants after closing. There is already an established rental base producing income.
Add in an updated rental license, 6 bedrooms, 4 bathrooms, approximately 2,508 finished sq. ft., a 2-stall garage, new deck, new kitchen flooring and more than $15,000 in recent updates, and there is a lot here for an investor to evaluate.
At $327,900, our seller is making a meaningful move because she would like to find the right buyer before winter.
Twin Cities investors: Pine River may not be the first place you search when you're looking for your next rental property — and that may be exactly why this one deserves a closer look.
Know an investor looking to add another income-producing property? SHARE THIS POST. Know someone wanting to get started in real estate investing? TAG THEM.
Want the rent information, property details, or to schedule a private showing? Send me a message or call/text me.
Radames Cruz
Elevate Group | eXp Realty
📱 612-482-5596
🌐 https://www.ezhomesearch.com/p/elevate-group/radames-cruz/
💼 https://instacard.co/Radames-Cruz
Rental figures are seller-reported