108 Cleveland AVE W new Save Request In-Person Tour Request Virtual Tour
Underwood,MN 56586
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $79
Subdivision Underwood
MLS Listing ID 6713002
Year Built 1976
Annual Tax Amount $2,762
Tax Year 2025
Lot Size 0.520 Acres
Property Sub-Type Quadruplex
Property Description
This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments.
Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment.
Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Interior
Heating Baseboard
Exterior
Parking Features Detached
Garage Spaces 4.0
Roof Type Asphalt
Building
Story Split Entry (Bi-Level)
Foundation 1728
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Vinyl Siding
New Construction false
Schools
School District Underwood