401 1st Avenue SE Pelican Rapids, MN 56572
For Sale MLS# 6321000
5 beds 3 baths 3,280 sq ft Multi-family
MLS# 6321000
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.
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.29 Acres
Square Feet: 3,280 sq ft
Year Built: 1959
Foundation: 2,048 sq ft
Garage: Yes
Stories: 1 Story
Construction:
Property Attached: No
Date Available:
Model Home:
Development:
Completion date:
Subdivision: Frazees 4th Add
Builder:
Foundation:
Total Units: 3
Current Use:
Background Check: No
Furnished:
Smoking Permitted: No
In Foreclosure: No
Lender Owned: No
Potential Short Sale: No
Auction: No
County: Otter Tail
Days On Market: 86
HERS Score:
Construction Status: Previously Owned
District: 548 - Pelican Rapids
Elementary:
Middle:
High:
Square Footage above: 2,048 sq ft
Square Footage below: 1,232 sq ft
Flooring:
Basement: Slab, Walkout, Partial Finished
Accessibility: Wheelchair Ramp
Additional Interior Features:
Water: City Water/Connected
Sewer: City Sewer/Connected
Available Utilities:
Other Utilities:
Heating: Electric, Forced Air, Baseboard, Natural Gas
Attached Garage
Garage Spaces: 2
Parking Description: Tuckunder Garage, Shared Garage/Stall, Attached Garage, Driveway - Asphalt, Garage Sq Ft - 816.0
Exterior: Wood
Roof: Age Over 8 Years, Asphalt Shingles
Lot View:
Lot Dimensions: 105x120
Farm Type:
Crop Type:
Zoning: Residential-Multi-Family
Topography: Sloped
Additional Exterior/Lot Features: Tree Coverage - Medium, Corner Lot, Road Frontage - City, Curbs, Paved Streets, Street Lights, Storm Sewer
Soil Type:
Tillable Acres:
Community Amenities: Other
Pets Allowed: No
Association Name:
Number of Units Like This: 1
Monthly Rent: 1200
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 7
Number of Units Like This: 1
Monthly Rent: 550
Total Baths: 1
Total Rooms: 3
Number of Units Like This: 1
Monthly Rent: 900
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Other Deposit Fees:
Assessments: $70
Covenants/Deed Restrictions:
Terms:
Tenant Pays: Snow,Trash,Water/Sewer
Owner Pays: Insurance,Lawn,Taxes
Annual Income: $31,800
Annual Expense: $4,360
Ownership Type:
Tax/Property ID: 76000990506001
Tax Amount: $2,610
Tax Year: 2022
HomeStead Description: Non-Homesteaded
| Date | Price | Change |
|---|---|---|
| 1/6/2023 10:44 AM | $217,500 |
A broker reciprocity listing courtesy: The Real Estate Company of Detroit Lakes
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.
Copyright 2023 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
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Data powered by ATTOM Data Solutions. Copyright© 2023. Information deemed reliable but not guaranteed.
| Schools in attendance boundaries | Grades | Distance | SchoolDigger® Rating i |
|---|---|---|---|
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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.
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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