Property Listing
Description
Investment opportunity in the heart of Akeley! This well-maintained 8-unit apartment complex offers an excellent chance to own a fully occupied income-producing property in one of northern Minnesota's most desirable lake regions. Situated on a convenient half-acre city lot, the property features eight 1-bedroom, 1-bath units with updated flooring, spacious layouts, city water and sewer, separate electric service, and ample off-street parking. Tenants enjoy easy access to downtown Akeley, Walker, Leech Lake, and the area's endless outdoor recreation opportunities including boating, fishing, ATV trails, snowmobiling, hunting, and public land access. The property is located just minutes from local restaurants, shopping, parks, and area employers, making it an attractive housing option year-round. The building consists of approximately 7,200 finished square feet and has demonstrated strong rental demand with stable occupancy. Utilities are separately metered for electric, while the property benefits from low-maintenance vinyl siding and a straightforward management structure. Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily asset in a growing recreational market, this property delivers immediate cash flow and long-term upside potential. Financial information available upon request.
Property Information
Status: Active
Sub Type: ********
List Price: $399,000
MLS#: 7083985
Current Price: $399,000
Address: 30 Graceson Avenue S, Akeley, MN 56433
City: Akeley
State: MN
Postal Code: 56433
Geo Lat: 47.002769
Geo Lon: -94.728178
Subdivision: Orignal Townsite/Akeley
County: Hubbard
Property Description
Year Built: 1997
Lot Size SqFt: 21780
Gen Tax: 5068
Specials Inst: 0
High School: Walker-Hackensack-Akeley
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Total SqFt.: ********
Style: ********
Total Bedrooms: 8
Total Bathrooms: 8
Total Full Baths: ********
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Garage Stalls: 0
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Property Features
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Lot Feat/Fld Plain: Array
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