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Investment Opportunity - Fully Rented Apartment with 12% Cap Rate! Step into the world of real estate investing with this turnkey, income-producing apartment property offering a remarkable 12% cap rate. Whether you're a seasoned investor or just getting started, this is the perfect opportunity for new investors looking to build wealth with a high-performing asset. This property is fully rented with reliable tenants in place, providing immediate cash flow from day one. Low vacancy risk, solid rental history, and minimal management headaches make this an ideal addition to any portfolio. Don't miss your chance to own a high-yield asset in a strong rental market. Opportunities like this don't come around often"”secure your future in real estate today!
| DAYS ON MARKET | 29 | LAST UPDATED | 8/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1940 | COUNTY | Koochiching |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | OTHER |
|---|
| ADDITIONAL DETAILS | |
| BASEMENT | Full, Yes |
|---|---|
| CONSTRUCTION | Stucco |
| HEAT | Natural Gas |
| LOT DIMENSIONS | 140 x 75 |
| SEWER | Public Sewer |
| TAXES | 1838 |
| WATER | Public |
| ZONING | MULTi |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Move it Real Estate Group
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.