• Main Photo

200 NE Hwy 1
Effie, MN 56639

$225,900

44 Total Photos [Click to View All]

Listing Details

  • $225,900
  • MLS# 7141188
  • Type Commercial - Business
  • Status Active
  • 4,492
    Square Feet
  • 0.510 acres
    Lot Size
  • 1962
    Year Built
  • Grand Rapids
    Local Schools

Listed By

Agency Name: COLDWELL BANKER NORTHWOODS
Agency Phone: 218-326-3455

Shown By

Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333

IDX logo

Home Value Estimate


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...read more

Features

  • Appliances: Range, Refrigerator
  • Cooling: Central Air
  • Heating: Baseboard, Forced Air
  • Stories: 2.0
  • Taxes: $1,399
  • Water: Drilled
  • Year Built: 1962

Login to My Homefinder