401 1st Avenue SE, Pelican Rapids, MN 56572
- $289,500
- 6
- BD
- 3
- BA
- 3,400
- SqFt
- List Price
- $289,500
- Status
- ACTIVE
- MLS#
- 7124909
- Price Change
- ▼ $9,000 1789093488
- Year Built
- 1959
- Style
- (MF) Triplex
- Sub Type
- Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 3,400
- Acres
- 0.29
- County
- Otter Tail
- Subdivision
- Frazees 4th Add
Property Description
Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3400 sq ft. of income. One 1200 sq.ft Unit downstairs(2 bed 1 bath), and two units upstairs, one being an efficiency, (1600sq. ft(3 bed 1 bath) & 600 sq. ft(1 bed 1 bath)). A near 10% cap rate makes this property a great addition to your investment portfolio.
Additional Information
- Heating
- Baseboard, Forced Air
- Garage Spaces
- 2
- Roof
- Architectural Shingle
- School District
- Pelican Rapids
Mortgage Calculator
Listing courtesy of The Real Estate Company of Detroit Lakes.
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