540 W Stanton AVE Active Save Request In-Person Tour Request Virtual Tour
Fergus Falls,MN 56537
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,574 sqft
Price per Sqft $87
Subdivision Mclanes Add
MLS Listing ID 6558612
Year Built 1913
Annual Tax Amount $1,756
Tax Year 2024
Contingent None
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 90x142
Property Description
Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This 2-unit residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. Main floor 1BR/1BA apartment and 2BR/2BA upper floor apartment. Potential to add studio type apartment in lower level. With diligence, patience, and a strategic approach, investing in this low-cost property can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition.
Seller has paid in-full the special assessment for the current street reconstruction.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Boiler
Fireplace No
Exterior
Garage Gravel,Parking Lot
Garage Spaces 1.0
Roof Type Age Over 8 Years
Building
Story Two
Foundation 787
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
School District Fergus Falls