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401 1st AVE SE Pelican Rapids, MN 56572
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Nicole Biczkowski
nicolebiczkowskibroker@chime.meOur team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $212,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $64
Subdivision Frazees 4Th Add
MLS Listing ID 6321000
Sold Date 07/14/23
Year Built 1959
Annual Tax Amount $2,610
Tax Year 2022
Contingent None
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 105x120
Property Description
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.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Partially Finished, Slab, Walkout
Interior
Heating Baseboard, Forced Air
Fireplace No
Exterior
Garage Attached Garage, Asphalt, Shared Garage/Stall, Tuckunder Garage
Garage Spaces 2.0
Roof Type Age Over 8 Years,Asphalt
Parking Type Attached Garage, Asphalt, Shared Garage/Stall, Tuckunder Garage
Building
Lot Description Corner Lot, Tree Coverage - Medium
Story One
Foundation 2048
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Wood Siding
New Construction false
Schools
School District Pelican Rapids
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Nicole Biczkowski