For Sale: Cass Lake MLS# 7066179
Active
$249,800
Multi-family: Other
8 br • 4 ba • Built 1950
4,482 sqft • 0.026 acres
Cass Lake-Bena schools
MLS# 7066179
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Property Description
Investor opportunity in Cass Lake. This 5-unit apartment building offers strong cash flow, consistent rental demand, and an easy-to-manage one-level layout. The property includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, giving a great mix of rental options for the local market. Located in the heart of Cass Lake, this property has proven to be easy to rent, with vacant units filling quickly when they become available. Investors will appreciate the steady income potential, practical floor plan, and the convenience of all units being on one level for simplified maintenance and tenant access. Whether you are looking to add to your portfolio or step into multi-family investing, this is a solid opportunity with strong rental appeal.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$249,800
Price per sq ft:
$56
Property Type:
Multi-family
City:
Cass Lake
Garage Spaces:
0
County:
Cass
Year Built:
1950
State:
MN
Property Style:
Other
Zip Code:
56633
Subdivision Name:
West Cass Lake
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
4,482 ft2
Living Area:
4,482 ft2
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
4,482 ft2
Foundation Dimensions:
42x106
Handicap Accessible:
Other
Heating System:
Forced Air
Lot & Land
Acres:
0.026
Geolocation:
47.375846, -94.612477
Lot Dimensions:
100 x 125
Zoning:
Residential-Multi-Family
Schools
School District:
115
District Phone:
2183352204
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$900
Annual Fuel Expense:
None
Annual Insurance Expense:
$6,000
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,430
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,426
Income
Annual Gross Income:
$46,800
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
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 Real Broker, LLC.
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.