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401 1st Avenue SE

Pelican Rapids, MN 56572
  • $217,500
  • STATUS: Active
  • ON SITE: 133 Days
  • ID#: 20-35345
$217,500
  • 6
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,192
    SQFT
  • $68
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

School District:

Description

Investment opportunity in Pelican Rapids! This Triplex features a 3 Bed one bath unit and recently cleaned / painted efficiency on the main level, along with a lower level walkout 2 Bed 1 bath unit. Move into the efficiency and have your bills paid, or rent it out and achieve a potential cap rate of 9.5 at the current rents.! Tenants pay utilities and are responsible for snow removal. Shared Laundry in the basement. There are 2 garage stalls below as well. Furnace replaced 2 years ago and shingles replaced within 6 years. Corner Lot has frontage on 3 streets. Don't miss out on this great investment opportunity! Call today to schedule a private showing.

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© 2022 Lakes Country Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ryan Hanson Homes- Keller Williams Realty Professionals. Data last updated: 2022-05-18T23:53:44.88.
www.ryanhansonhomes.com/homes/124460556
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401 1st Avenue SE Pelican Rapids, MN 56572

  • Price: $217,500
  • Status: Active
  • On Site: 133 Days
  • ID#: 20-35345
6
Beds
0
Baths
0
½ Baths
0.29
Acres
3,192
SQFT
$68
$/SQFT
1959
Built
Neighborhood:
Pelican
County:
Otter Tail
Area:
Pelican
School District:
Pelican Rapids #548
Property Description
Investment opportunity in Pelican Rapids! This Triplex features a 3 Bed one bath unit and recently cleaned / painted efficiency on the main level, along with a lower level walkout 2 Bed 1 bath unit. Move into the efficiency and have your bills paid, or rent it out and achieve a potential cap rate of 9.5 at the current rents.! Tenants pay utilities and are responsible for snow removal. Shared Laundry in the basement. There are 2 garage stalls below as well. Furnace replaced 2 years ago and shingles replaced within 6 years. Corner Lot has frontage on 3 streets. Don't miss out on this great investment opportunity! Call today to schedule a private showing.
Exterior Features

Aprox Lot Dimensions 105X120 Construction Type Frame/Wood Exterior Wood Garage Type AttachedTuckunder Off Street Parking 2 Road Frontage City StreetCurb/Gutters Roof Asphalt Shingles Stories Levels 1 Story Unit1 Level Main Unit2 Level Main Unit3 Level Lower / Walkout

Interior Features

Basement Features Partially Finished Basement Material Concrete Block Basement Style FullWalkout Finished Above Grade 2048.00 Finished Below Grade 1144.00 Heat Forced Air Total Above Grd Sq Ft 2048 Unit1 Air Cond Window Unit1 Full Baths 1 Unit1 Total Baths 1 Unit1 Total Bedrooms 3 Unit2 Air Cond Window Unit2 Total Baths 1 Unit2 Total Bedrooms 0 Unit3 Full Baths 1 Unit3 Total Baths 1 Unit3 Total Bedrooms 2

Property Features

Assessments No Association Fee No City Rural City Construction Status Previously Owned Est Annual Gross Income 27960.00 Fuel Natural Gas Lender Owned No Lot Land Description Corner Lot Owner Expenses Lawn Pets Allowed Yes Rental License Yes Style Tri-Plex Tax Amount 2554.00 Tax Classification Non-Homestead Tax Year 2021 Taxes WAssessments 2554.00 Tenant Expenses BroadbandCable TvElectricFuelSewerSnowTrashWater Terms CashConventional Water Type City Waterfront No Waterfront Name None

Listing information © 2022 Lakes Country Association of REALTORS®
Listing provided courtesy of Chris Nord of The Real Estate Company Of Detroit Lakes.


© 2022 Lakes Country Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ryan Hanson Homes- Keller Williams Realty Professionals. Data last updated: 2022-05-18T23:53:44.88.
 
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