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401 1st Avenue SE Pelican Rapids, MN $ 217,500
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$ 217,500 Get more info
401 1st Avenue SE
$ 217,500
Back to search
Share Save

401 1st Avenue SE

Pelican Rapids, MN, 56572
$ 217,500
Bedrooms-- Baths0.0 Sq 3,280

Monthly Estimate*

$ 1,357

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Multi-Family Home for sale in Pelican Rapids, MN

for $217,500. This 3,280 square foot home was built in 1959 on a lot size of 0.29 Acre(s).

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.

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Multi-Family Active

Price

$ 217,500

Property Type

Multi-Family

Taxes

$ 2,610

Lot Size

0.29 Acre(s)

Year Built

1959

Town/City

Pelican Rapids

County/Region

Otter Tail

MLS | Web ID

6321000
Features
Interior
Basement Partially Finished Walk-Out
Heating System Baseboard Forced Air
Sewer City Sewer Storm Sewer
Water Source City Water
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Exterior
Foundation Slab
Garage 2 Car Attached Shared TuckUnder Garage
Land Improvements Curbs Street Lights
Lot Description Sloping Wooded / Trees
Parking 1-20 Open Parking Spaces Asphalt
Road Frontage City Street Paved Public Maintained Road
Roof Asphalt Shingles
Siding Wood Exterior
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Miscellaneous
Accessibility Ramp
Location Corner Lot
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Rental
Owner/Landlord Pays Insurance Lawn Care Taxes
Tenant Pays All Utilities Snow Removal Trash Water
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* Excluded Features
List By
The Real Estate Company Of Detroit Lakes

Broker

cnord@mnlakesrealtor.com

Email

Affordability Calculator

$1,574
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,357
Monthly Property Taxes
$218
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
Pelican Rapids School District
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401 1st Avenue SE, Pelican Rapids, MN, 56572 is a Multi-Family Home for sale at $217,500 with 3,280 sqft and a lot size of 0.29 Acre(s). 401 1st Avenue SE has 0.0 baths and was built in 1959. The property's zip code is 56572 which is in Pelican Rapids, MN

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