$58,500
$74,999
22.0%For more information regarding the value of a property, please contact us for a free consultation.
601 N 1st AVE Fergus Falls, MN 56537
2 Beds
1 Bath
1,057 SqFt
Key Details
Sold Price $58,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,057 sqft
Price per Sqft $55
Subdivision Mclanes Add
MLS Listing ID 6521736
Sold Date 09/07/24
Bedrooms 2
Three Quarter Bath 1
Year Built 1920
Annual Tax Amount $1,090
Tax Year 2023
Contingent None
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 77x157
Property Description
Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This small residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. A 2 bedroom, 1 bath, 1,000+SF home with tenant lease through November gives you immediate cash flow. With diligence, patience, and a strategic approach, investing in this low-cost property, priced below market value, can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition.
Location
State MN
County Otter Tail
Zoning Residential-Single Family
Rooms
Basement Crawl Space
Dining Room Eat In Kitchen
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Electric Water Heater, Range, Refrigerator
Exterior
Parking Features Gravel
Roof Type Age Over 8 Years
Building
Lot Description Tree Coverage - Medium
Story One and One Half
Foundation 673
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
Structure Type Wood Siding
New Construction false
Schools
School District Fergus Falls
Read Less
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