200 Ne Hwy 1, Effie, MN
$259,900
4,492
Square feet
0.51
Acres
About 200 Ne Hwy 1
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!
Features of 200 Ne Hwy 1
| MLS® # | 6751632 |
|---|---|
| Price | $259,900 |
| Square Footage | 4,492 |
| Acres | 0.51 |
| Year Built | 1962 |
| Type | Commercial |
| Sub-Type | Apartment Building |
| Style | Apartment |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 200 Ne Hwy 1 |
|---|---|
| City | Effie |
| County | Itasca |
| State | MN |
| Zip Code | 56639 |
Amenities
| Amenities | Coin-op Laundry Owned, Common Garden, Patio |
|---|---|
| Garages | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished |
Exterior
| Roof | Metal |
|---|---|
| Construction | Brick/Stone, Log Siding |
School Information
| District | Grand Rapids |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $1,419 |
| Tax Year | 2025 |
| Office | COLDWELL BANKER NORTHWOODS |
Listing Details
| Office | COLDWELL BANKER NORTHWOODS |
|---|