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 tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.
Listed By
Agency Name: COLDWELL BANKER NORTHWOODS
Agency Phone: 218-326-3455
Shown By
Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451
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200 NE Hwy 1 | MLS# 7141188
This commercial property located at 200 NE Hwy 1, Effie, MN 56639 is currently listed for sale with an asking price of $225,900. NE Hwy 1 is located within the Grand Rapids school district. Search Effie real estate on www.leblancrealty.com today.