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International Falls,MN 56649
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision International Falls
MLS Listing ID 6764198
Year Built 1940
Annual Tax Amount $1,838
Tax Year 2025
Contingent None
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 75X140
Property Sub-Type Apartment
Property Description
Investment Opportunity – Fully Rented Apartment with 12% Cap Rate! Step into the world of real estate investing with this turnkey, income-producing apartment property offering a remarkable 12% cap rate. Whether you're a seasoned investor or just getting started, this is the perfect opportunity for new investors looking to build wealth with a high-performing asset.
This property is fully rented with reliable tenants in place, providing immediate cash flow from day one. Low vacancy risk, solid rental history, and minimal management headaches make this an ideal addition to any portfolio. Don't miss your chance to own a high-yield asset in a strong rental market. Opportunities like this don't come around often—secure your future in real estate today!
Location
State MN
County Koochiching
Zoning Residential-Multi-Family
Rooms
Basement Concrete,Storage/Locker
Interior
Heating Boiler,Radiator(s)
Cooling None
Inclusions Building,Fixture/Equipment,Land,Leases
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Electric,Gravel,Parking Lot
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Flat
Present Use Residential
Building
Story Two
Foundation 1680
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District International Falls