200 NE Hwy 1, Effie, MN 56639
- $225,900
- 8
- BD
- 6
- BA
- List Price
- $225,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 7141188
- Subtype
- Commercial Sale
- Style
- Apartments/Multi Family
- Year Built
- 1962
- Bedrooms
- 8
- Bathrooms
- 6
- Acres
- 0.51
Property 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.
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Additional Information
- Taxes
- $1,399
- Property Description
- Apartments/Multi Family
- Zoning
- Residential-Multi-Family
- Appliances
- Range, Refrigerator
- Heating
- Baseboard, Forced Air
- Stories
- Two
- Levels
- Two
- Roof
- Architectural Shingle, Flat, Metal
- Parking
- Parking Lot
- School District
- Grand Rapids
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Listing courtesy of COLDWELL BANKER NORTHWOODS.
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