For Sale: International Falls MLS# 7065137
Active
Lender Owned
$179,900
Commercial: 2 Stories
Built 1940
0.11 acres
International Falls schools
MLS# 7065137
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Property Description
Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully Rented
Don’t miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income.
The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one.
Add this high-performing property to your portfolio today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$179,900
Property Type:
Commercial
City:
International Falls
Garage Spaces:
0
County:
Koochiching
Year Built:
1940
State:
MN
Property Style:
2 Stories
Zip Code:
56649
Subdivision Name:
International Falls
Interior
Appliances Included:
- Range
- Refrigerator
Basement Details:
Other
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
3,040 ft2
Handicap Accessible:
Doors 36"+
Heating System:
Boiler
Parking Features:
- Off Site
- Open
- Parking Lot
Lot & Land
Acres:
0.11
Geolocation:
48.601347, -93.405725
Inclusions:
Building, Leases
Lot Dimensions:
40 x 142
Zoning:
Residential-Multi-Family
Schools
School District:
361
District Phone:
2182832571
Expenses
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,460
Lender-owned:
Yes
Assessment Pending:
No
Taxes w/ Assessments:
$3,460
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
- City Water - In Street
- City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Move it Real Estate Group/Lake.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.