401 1st Avenue SE, Pelican Rapids, MN 56572
- $298,500
- 6
- BD
- 3
- BA
- 3,400
- SqFt
- List Price
- $298,500
- MLS#
- 7124909
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Living Area
- 3,400
- Acres
- 0.29
- Subdivision
- Frazees 4th Add
- Year Built
- 1959
Property Description
Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3600 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.
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Additional Information
- School District
- Pelican Rapids
- Amenities Shared
- Laundry, Patio
- Tax Year
- 2026
- Fuel
- Natural Gas
- Lot Description
- Corner Lot
- Sewer
- City Sewer/Connected
- Roof
- Architectural Shingle
- Heating
- Baseboard, Forced Air
- Water
- City Water/Connected
- Basement
- Block
- Garage Spaces
- 2
Mortgage Calculator
Listing courtesy of The Real Estate Company of Detroit Lakes.
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