Property Listing
Description
This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments. Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment. Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Property Information
Status: Active
Sub Type: ********
List Price: $275,000
MLS#: 6713002
Current Price: $275,000
Address: 108 Cleveland Avenue W, Underwood, MN 56586
City: Underwood
State: MN
Postal Code: 56586
Geo Lat: 46.283692
Geo Lon: -95.872392
Subdivision: Underwood
County: Otter Tail
Property Description
Year Built: 1976
Lot Size SqFt: 22215.6
Gen Tax: 3034
Specials Inst: 272
High School: ********
Square Ft. Source: County Records
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 3456
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 4
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: