BEDS0
BATHS
SQUARE FEET4,400
MLS#7124909
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFrazees 4th Add
SCHOOLPelican Rapids
Property Description
Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3400 sq ft. of income. One 1200 sq.ft Unit downstairs(2 bed 1 bath), and two units upstairs, one being an efficiency, (1600sq. ft(3 bed 1 bath) & 600 sq. ft(1 bed 1 bath)). A near 10% cap rate makes this property a great addition to your investment portfolio. Motivated seller. Take a look before the snow flies!
Property Features
Property Type: Multi Unit - Multiple
Basement: Block
Garage: 2
Heating: Baseboard, Forced Air
Lot Size: 0.29 Acres
Roof Type: Architectural Shingle
Taxes: $3,263
Year Built: 1959
Feature Descriptions
Days on Site: 64
Foundation Size: 2200
Lot: Corner Lot
Lot Dimensions: 120x110
Owners Expense: Grounds Care, Snow Removal, Trash Collection
Parcel#: 76000990506001
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Gas, Sewer, Water
Units: 3
Water: City Water/Connected
Local Schools
School District: Pelican Rapids
Listed By / Shown By
Listed By
Agency Name: The Real Estate Company of Detroit Lakes
Agency Phone: 218-844-8008
Shown By
Agency Title: RE/MAX Legacy Realty
Agency Phone: 701-492-5050
Estimate Your Payment
Estimated Payment
$ 971.71 per month $618.71 Principal & Interest $271.92 Property Tax $81.08 Homeowner's Insurance
401 1st Avenue Se | MLS# 7124909
This multi-family property located at 401 1st Avenue Se, Pelican Rapids, MN 56572 is currently listed for sale with an asking price of $278,000. 1st Avenue Se is located within the Pelican Rapids school district. Search Pelican Rapids real estate on www.legacyr.com today.