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Active
$368,900
/mo Edit
Commercial:  Apartments
Built 1997
0.5 acres
Walker-Hackensack-Akeley schools
MLS# 6638208
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    Property Description

    Discover an exceptional income-producing property in the heart of Akeley, Minnesota! This 8-unit apartment complex is an ideal investment opportunity for new and seasoned investors alike. Located in a peaceful small-town setting, this property is perfectly situated just minutes from Walker, the pristine waters of Leech Lake, and a short drive to major area attractions, shops, and dining.

    Listing

    Contingency: None
    City: Akeley
    County: Hubbard
    State: MN
    Property Style: Apartments
    Zip Code: 56433
    Subdivision Name: Orignal Townsite/Akeley

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 8
    Foundation Size: 7,200 ft2
    Foundation Dimensions: 60 x 60
    Handicap Accessible: Hallways 42"+, No Stairs External, Other
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Gravel
    • Other
    • Parking Lot
    • Shared Driveway
    Road Frontage: City Street
    Exterior Material: Vinyl Siding

    Lot & Land

    Acres: 0.5
    Geolocation: 47.002761, -94.728169
    Inclusions: Building, Business Assets, Fixture/Equipment, Inventory, Land, Other
    Lot Dimensions: 165 x 132 x 165 x 132
    Zoning: Residential-Multi-Family

    Schools

    School District: 113
    District Phone: 218-547-4201

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,246
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,246

    Units

    Total Units: 8

    Miscellaneous

    Current Use: Residential
    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.