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401 1st Avenue Se

Pelican Rapids, MN 56572

About this property

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.

About this property

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.

Features and Additional Information

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$298,500 Active
3,400 sqft
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Presented By Coldwell Banker Crown Park Rapids

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Get in touch today! Phone: 1-218-732-3381
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Brokerage
The Real Estate Company of Detroit Lakes
1-218-844-8008
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Area Information

| Otter Tail County | Frazees 4th Add

$ 298,500
This listing is play_arrow 0.0% lower than the average in the area
$ 298,500 in the area
3,400 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
3,400 SqFt in the area
$ 88 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 88 $/SqFt in the area
9 days on site
This listing is play_arrow 0.0% below the average in the area
9 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Pelican Rapids

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Listed By Grant Briard
Brokerage: The Real Estate Company of Detroit Lakes

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