401 1st Avenue Se, Pelican Rapids, MN
$289,500
6
Beds
3
Baths
2,200
Square feet
0.29
Acres
About 401 1st Avenue Se
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 of 401 1st Avenue Se
| MLS® # | 7124909 |
|---|---|
| Price | $289,500 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 2,200 |
| Finished SQFT | 3,400 |
| Acres | 0.29 |
| Year Built | 1959 |
| Type | Single Family |
| Sub-Type | Triplex |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 401 1st Avenue Se |
|---|---|
| Subdivision | Frazees 4th Add |
| City | Pelican Rapids |
| County | Otter Tail |
| State | MN |
| Zip Code | 56572 |
Amenities
| Amenities | Laundry, Patio |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Block |
Exterior
| Exterior Features | Cement Board |
|---|---|
| Lot Description | Corner Lot |
| Roof | Architectural Shingle |
School Information
| District | Pelican Rapids |
|---|
Additional Information
| Zoning | Residential-Single Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $3,263 |
| Tax Year | 2026 |
| Office | The Real Estate Company of Detroit Lakes |
Listing Details
| Office | The Real Estate Company of Detroit Lakes |
|---|