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Pelican Rapids
401 1st Avenue Se
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401 1st Avenue Se, Pelican Rapids, MN

$289,500

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6

Beds

3

Baths

3,400

Square feet

0.29

Acres

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About 401 1st Avenue Se

Investment opportunity! Updated 3 unit Income property located just down from the pool in Pelican Rapids. A total of 3600 sq ft. of income. One 1200 sq.ft Unit downstairs(2 bed 1 bath), and two units upstairs, one being an efficiency, (1600sq. ft(3 bed 1 bath) & 600 sq. ft(1 bed 1 bath)). A near 10% cap rate makes this property a great addition to your investment portfolio.

Features of 401 1st Avenue Se

MLS® # 7124909
Price $289,500
Bedrooms 6
Bathrooms 3.00
Square Footage 3,400
Acres 0.29
Year Built 1959
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 401 1st Avenue Se
Subdivision Frazees 4th Add
City Pelican Rapids
County Otter Tail
State MN
Zip Code 56572

Amenities

Amenities Laundry, Patio
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Forced Air
Fireplace No

Exterior

Exterior Features Cement Board
Lot Description Corner Lot
Roof Architectural Shingle

School Information

District Pelican Rapids

Additional Information

Days on Market 30
Zoning Residential-Single Family
Foreclosure No
Short Sale No
Taxes $3,263
Tax Year 2026

Listing Details

OfficeThe Real Estate Company of Detroit Lakes

Listing Map

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