Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $298,500
MLS#: 7124909
Current Price: $298,500
Address: 401 1st Avenue SE, Pelican Rapids, MN 56572
City: Pelican Rapids
State: MN
Postal Code: 56572
Geo Lat: 46.569013
Geo Lon: -96.077374
Subdivision: Frazees 4th Add
County: Otter Tail
Property Description
Year Built: 1959
Lot Size SqFt: 12196.8
Gen Tax: 3263
Specials Inst: 0
High School: Pelican Rapids
Square Ft. Source:
Above Grade Finished Area: 2200
Below Grade Finished Area: 1200
Below Grade Unfinished Area:
Total SqFt.: 2200
Style: Array
Total Bedrooms: 6
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: