200 NE Hwy 1, Effie, MN 56639 – 6825838 - Luke Chase

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Luke Chase

luke@ts-re.com +1(612) 418-9979

$259,900

Est. payment - /mo

8 Beds

6 Baths

0.51 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6825838

Bedrooms 8

Year Built 1962

Annual Tax Amount $1,419

Tax Year 2025

Contingent None

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions .51 acres

Property Description

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.

Location

State MN

County Itasca

Zoning Residential-Multi-Family

Rooms

Family Room Other

Basement Finished

Interior

Heating Baseboard, Forced Air

Cooling Central Air

Inclusions Building

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features Parking Lot

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Metal

Present Use Residential

Building

Story Two

Foundation 2256

Sewer City Sewer/Connected

Water Drilled

Level or Stories Two

New Construction false

Schools

School District Grand Rapids

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Listed by Cathy Carlson • COLDWELL BANKER NORTHWOODS

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200 NE Hwy 1 Effie, MN 56639