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For Sale:  Effie MLS# 6751632

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Active
$264,000
/mo Edit
Commercial:  Apartments
Built 1962
0.51 acres
Grand Rapids schools
MLS# 6751632
763-576-8286
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    Property Description

    Investor Alert - Fully Occupied Six-Plex with Strong Rental History Turnkey investment opportunity in a well-maintained six-unit apartment complex operating at fullcapacity. All units are clean, updated, and include central air, offering tenants desirable living conditions that help maintain low turnover. The property features designated parking with electric hookups, a coin-operated laundry for additional income, and a shared outdoor space with a patioand raised garden beds, appealing to quality renters. Stable rental market with consistent occupancy. Ideal for the seasoned investor or anyone looking to expand their portfolio with a proven asset. Qualified buyer only!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $264,000
    Property Type: Commercial
    City: Effie
    Garage Spaces: 0
    County: Itasca
    Year Built: 1962
    State: MN
    Property Style: Apartments
    Zip Code: 56639

    Interior

    Ranges: Six or More
    Refrigerators: Six or More
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 6
    Air Conditioning: Central Air
    Foundation Size: 2,256 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features: Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Common Garden
    • Patio
    Exterior Material:
    • Brick/Stone
    • Log Siding
    Roof Details: Metal

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.51
    Geolocation: 47.8400965593, -93.6366062226
    Inclusions: Building
    Lot Dimensions: .51 acres
    Zoning: Residential-Multi-Family

    Schools

    School District: 318
    District Phone: 218-327-5704

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Insurance

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,419
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,824

    Income

    Annual Gross Income: None

    Rent

    Annual Net Income: None

    Units

    Total Units: 6

    Miscellaneous

    Current Use: Residential
    Fuel System:
    • Electric
    • Propane
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: Drilled

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of COLDWELL BANKER NORTHWOODS.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.