MLS#7065137
STATUSActive
PROPERTY TYPECommercial - Office
SUBDIVISIONInternational Falls
SCHOOLInternational Falls
Property Description
Turn-key Mixed-Use Investment Property ? 11% Cap Rate ? Fully RentedDon't miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income. The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one. Add this high-performing property to your portfolio today!
Property Features
Property Type: Commercial - Office
Fuel Type: Natural Gas
Heating: Boiler
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $3,460
Year Built: 1940
Feature Descriptions
Appliances: Range, Refrigerator
Basement: Other
Current Use: Office, Residential
Days on Site: 22
Foundation Size: 3040
Handicap Accessible: Doors 36+
Lot Dimensions: 40x142
Owners Expense: All Utilities
Ownership Decription: Lender Owned
Parcel#: 9200619090
Parking: Off Site, Parking Lot, Open
Sale Includes: Building, Leases
Sewer: City Sewer/Connected, City Sewer - In Street
Units: 3
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected, City Water - In Street
Local Schools
School District: International Falls
Listed By / Shown By
Listed By
Agency Name: Move it Real Estate Group/Lake
Agency Phone: 218-327-9889
Shown By
Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451
405/407 4th Street | MLS# 7065137
This commercial property located at 405/407 4th Street, International Falls, MN 56649 is currently listed for sale with an asking price of $179,900. 405/407 4th Street is located within the International Falls school district. Search International Falls real estate on www.leblancrealty.com today.