15
See all 15 photos
$298,500
Est. payment /mo
6 Beds
3 Baths
3,400 SqFt
New
401 1st AVE SE Pelican Rapids, MN 56572
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $87
Subdivision Frazees 4Th Add
MLS Listing ID 7124909
Bedrooms 6
Year Built 1959
Annual Tax Amount $3,263
Tax Year 2026
Contingent None
Lot Size 0.287 Acres
Lot Dimensions 120x110
Property Sub-Type Triplex
Property Description
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.
Location
State MN
County Otter Tail
Zoning Residential-Single Family
Rooms
Basement Block
Interior
Heating Baseboard, Forced Air
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 2.0
Roof Type Architectural Shingle
Building
Lot Description Corner Lot
Story One
Foundation 2200
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Pelican Rapids
Listed by Grant Briard • The Real Estate Company of Detroit Lakes
NEARBY SCHOOL & BUSINESS
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