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$ 259,900
Est. payment /mo
Active
200 NE Hwy 1 Effie, MN 56639
8 Beds
6 Baths
0.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6825838
Bedrooms 8
Year Built 1962
Annual Tax Amount $1,419
Tax Year 2025
Contingent None
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions .51 acres
Property Description
Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained.
Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.
Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.
Location
State MN
County Itasca
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Finished
Interior
Heating Baseboard, Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Parking Lot
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Metal
Present Use Residential
Building
Story Two
Foundation 2256
Sewer City Sewer/Connected
Water Drilled
Level or Stories Two
New Construction false
Schools
School District Grand Rapids
Listed by Cathy Carlson • COLDWELL BANKER NORTHWOODS