About 200 Ne Hwy 1
Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.
Features of 200 Ne Hwy 1
| MLS® # | 7141188 |
|---|---|
| Price | $225,900 |
| Bedrooms | 8 |
| Bathrooms | 6.00 |
| Acres | 0.51 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 200 Ne Hwy 1 |
|---|---|
| City | Effie |
| County | Itasca |
| State | MN |
| Zip Code | 56639 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Stone, Log Siding |
|---|---|
| Roof | Architectural Shingle, Flat, Metal |
| Construction | Brick, Frame |
School Information
| District | Grand Rapids |
|---|
Additional Information
| Days on Market | 3 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $1,399 |
| Tax Year | 2026 |
Listing Details
| Office | COLDWELL BANKER NORTHWOODS |
|---|