$212,500
$217,500
2.3%For more information regarding the value of a property, please contact us for a free consultation.
401 1st AVE SE Pelican Rapids, MN 56572
5 Beds
3 Baths
4,096 SqFt
Key Details
Sold Price $212,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,096 sqft
Price per Sqft $51
Subdivision Frazees 4Th Add
MLS Listing ID 6321000
Sold Date 07/14/23
Style (MF) Triplex
Bedrooms 5
Year Built 1959
Annual Tax Amount $2,680
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 105x120
Property Description
Investment opportunity in Pelican Rapids with great rental history! This completely occupied triplex features a recently UPDATED 3 Bed one bath unit and an efficiency unit on the main level, along with a lower level walkout 2 Bed 1 bath unit. See financial remarks for rents and expenses! Owner bills back for Utilities. Shared Laundry in the basement. There are 2 Tuck-under garage stalls along with street and paved driveway parking. Furnace replaced 3 years ago and shingles replaced within 7 years. City corner lot has frontage on 3 streets. Don't miss out on this great opportunity achieving a 11.4 Cap Rate! Call today for more details and to schedule a private showing.
Location
State MN
County Otter Tail
Community Frazees 4Th Add
Direction Hwy 59 in Pelican Rapids to Hwy 108 E to South on corner of 4th St SE 1st Ave SE.
Rooms
Basement Slab, Walkout
Interior
Heating Baseboard, Forced Air
Laundry Common Area, In Basement, Laundry Room, Lower Level
Exterior
Parking Features Shared Garage/Stall, Attached Garage, Driveway - Asphalt, Tuckunder Garage
Garage Spaces 2.0
Roof Type Age Over 8 Years,Asphalt Shingles
Accessibility Wheelchair Ramp
Porch Deck, Patio
Total Parking Spaces 2
Building
Lot Description Corner Lot, Tree Coverage - Medium
Water City Water/Connected
Architectural Style (MF) Triplex
Structure Type Frame
Others
Senior Community No
Tax ID 76000990506001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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