$259,900
200 NE Hwy 1 Effie, MN 56639
For Sale MLS# 6825838
4,492 sq ft Commercial
Details for 200 NE Hwy 1
MLS# 6825838
Description for 200 NE Hwy 1, Effie, MN, 56639
Turnkey Six-Plex Investment Opportunity. Fully Occupied and Well Maintained.Investor alert! This fully occupied six-unit apartment complex offers a solid, turnkey investment with a strong rental history and consistent occupancy. Each unit is clean, updated, and equipped with central air, providing comfortable living conditions that attract and retain quality tenants. The property features designated parking with individual electric hookups, a coin-operated laundry area for additional income, and a shared outdoor space with a patio and raised garden beds. This well-maintained complex operates at full capacity within a stable rental market, ideal for the seasoned investor or anyone looking to expand their portfolio with a proven, income-producing asset. Qualified buyers only.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 8
Bathrooms: 6
Lot Size: 0.51 Acres
Square Feet: 4,492 sq ft
Year Built: 1962
Foundation: 2,256 sq ft
Stories: 2 Stories
Number Of Units Total: 6
Current Use: Residential
County: Itasca
Days On Market: 9
Construction Status: Previously Owned
School Information
District: 318 - Grand Rapids
Interior Features
Appliances: Range, Refrigerator
Basement: Finished (Livable)
Utilities
Water: Drilled
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Cooling: Central
Heating: Propane, Forced Air, Baseboard, Electric
Exterior / Lot Features
Open Parking: 6
Parking Description: Parking Lot
Exterior: Log Siding, Brick/Stone
Roof: Metal
Lot Dimensions: .51 acres
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building
Community Features
Community Features: Other
Unit Information
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 2 Baths Total: 1
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 5 Baths Total: 1
Unit 5 Beds Total: 1
Unit 6 Baths Total: 1
Unit 6 Beds Total: 1
Driving Directions
Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.
Financial Considerations
Other Annual Tax: $405
Tenant Pays: Broadband,Cable T.V.,Insurance,Telephone
Owner Pays: See Remarks
Tax/Property ID: 904100050
Tax Amount: 1419
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: COLDWELL BANKER NORTHWOODS
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 200 NE Hwy 1
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 200 NE Hwy 1
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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