Property Listing
Description
Unlock the Potential of This Value-Add Investment Opportunity: Whether you're stepping into real estate for the first time or expanding your rental portfolio, this versatile 2-unit property offers strong ROI potential for those skilled in renovation, maintenance, and repair. With tenants already vacated, the building is primed for updates and ready for your vision. Currently configured as a 1BR/1BA main floor apartment and a 2BR/1BA upper floor apartment. with room to grow by adding a studio-style unit in the lower level. Think big and consider converting the structure back into a single-family home on a double-wide lot for a profitable flip. Priced to sell in AS-IS condition, this low-cost property is a strategic entry point into real estate investment. Bonus: the seller has already paid the special assessment for the recently completed street reconstruction, saving you upfront costs. With the right approach, this could be the cornerstone of your next successful venture.
Property Information
Status: Active
Sub Type: ********
List Price: $110,000
MLS#: 6786573
Current Price: $110,000
Address: 540 W Stanton Avenue, Fergus Falls, MN 56537
City: Fergus Falls
State: MN
Postal Code: 56537
Geo Lat: 46.282759
Geo Lon: -96.083553
Subdivision: Mclanes Add
County: Otter Tail
Property Description
Year Built: 1913
Lot Size SqFt: 12632.4
Gen Tax: 1872
Specials Inst: 85
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2361
Style: Array
Total Bedrooms: 3
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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