Property Listing
Description
Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.
Property Information
Status: Active
Sub Type: ********
List Price: $225,900
MLS#: 7141188
Current Price: $225,900
Address: 200 NE Hwy 1, Effie, MN 56639
City: Effie
State: MN
Postal Code: 56639
Geo Lat: 47.840096
Geo Lon: -93.636606
Subdivision:
County: Itasca
Property Description
Year Built: 1962
Lot Size SqFt: 22215.6
Gen Tax: 1399
Specials Inst: 405
High School: Grand Rapids
Square Ft. Source:
Above Grade Finished Area: ********
Below Grade Finished Area: ********
Below Grade Unfinished Area:
Total SqFt.: 4492
Style: ********
Total Bedrooms: 8
Total Bathrooms: 6
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: Building, Business, Fixture/Equipment, Land, Leases
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: