Property Listing
Description
Exceptional turn-key 4-plex opportunity in the heart of Tower, MN — just one block from beautiful Lake Vermilion. Whether you’re an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential. The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases. Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm. Additional opportunity available with a neighboring commercial lot that may be purchased together or separately. Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
Property Information
Status: Active
Sub Type: ********
List Price: $329,900
MLS#: 7046763
Current Price: $329,900
Address: 605 Main Street, Tower, MN 55790
City: Tower
State: MN
Postal Code: 55790
Geo Lat: 47.805596
Geo Lon: -92.276786
Subdivision: Tower
County: St. Louis
Property Description
Year Built: 1982
Lot Size SqFt: 6969.6
Gen Tax: 758
Specials Inst: 0
High School: St. Louis County
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 4464
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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