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401 1st Avenue SE

Pelican Rapids, MN 56572
  • $217,500
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 6140042
UPDATED: 167 min ago
$217,500
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,048
    SQFT
  • $71
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

School District:
NorthstarMLS] logo Listing courtesy of The Real Estate Company Of Detroit Lakes.

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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IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Ryan Hanson Homes- Keller Williams Realty Professionals are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Ryan Hanson Homes- Keller Williams Realty Professionals is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Ryan Hanson Homes- Keller Williams Realty Professionals, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-07-07T00:24:55.75.

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401 1st Avenue SE Pelican Rapids, MN 56572

  • Price: $217,500
  • Status: Active
  • On Site: 22 Days
  • Updated: 167 min ago
  • ID#: 6140042
0
Beds
0
Baths
0
½ Baths
0.29
Acres
3,048
SQFT
$71
$/SQFT
1959
Built
Neighborhood:
Frazees 4th Add
County:
Otter Tail
School District:
548 - Pelican Rapids
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

Construction Materials Wood Siding Foundation Area 2048 Garage Square Feet 816 Levels One Lot Size Dimensions 105X120 Parking Features Tuckunder Garage Road Frontage Type City StreetPaved Streets Waterfront YN No

Interior Features

Above Grade Finished Area 2048 Basement WalkoutFullShared AccessStorage Space Below Grade Finished Area 1000 Fireplace YN No Heating Forced Air SQFTAbove Ground Total 2048.00 SQFTBelow Ground Total 2048.00 SQFTMain Total 2048.00 SQFTTotal 4096.00

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending No Contingency None Electric Expense 0 Expenses 0.00 Foreclosure Status No Fuel Natural Gas Fuel Expense 0 Gross Income 27960 Insurance Expense 924 Land Lease Amount 0 Lender Owned No Maintenance Expense 0 Manager Expense 0 New Construction YN No Operating Expense 0 Other Expense 0 Postal City Pelican Rapids Potential Short Sale No Present Use Yearly Property Sub Type Triplex Rental License Type Standard Rental License YN Yes Sewer City Sewer/Connected Tax Annual Amount 2484 Tax With Assessments 2554.00 Tax Year 2021 Trash Expense 0 Unit Type Unit 1Unit 2Unit 3Unit 4 Water Sewer Expense 0 Water Source City Water/Connected Zoning Description Residential-Multi-Family

NorthstarMLS] logo © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of The Real Estate Company Of Detroit Lakes. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Ryan Hanson Homes- Keller Williams Realty Professionals are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Ryan Hanson Homes- Keller Williams Realty Professionals is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Ryan Hanson Homes- Keller Williams Realty Professionals, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2022-07-07T00:24:55.75.

Click here for Digital Millennium Copyright Act
 
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Ryan Hanson Homes- Keller Williams Realty Professionals
Serving Your Real Estate Needs in the Lakes Area
MN,
NorthstarMLS] logo Listing courtesy of The Real Estate Company Of Detroit Lakes.