315 Lake Avenue, Park Rapids, MN 56470
- $229,995
- List Price
- $229,995
- Days on Market
- 20
- Status
- ACTIVE
- MLS#
- 6459680
- Lot Size (Acres)
- 0.35000000000000003
- Style
- (RT) Apartment
- Year Built
- 1900
Property Description
Welcome to Lake Avenue Apartments. A rare 6 plex offering with 4 studio units and two 1 bedroom units. Awesome rental history and at full capacity. Property is currently managed, making it ideal for the passive investor. The rental market is HOT with no change in sight. If you are looking for diversification into a tangible with positive cash flow then look no further. Sits on a corner lot just a stone’s throw from the Park Rapids schools and walking distance to everything else downtown has to offer. Financials, appraisal (2023) and inspection (2023) are available with a signed NDA.
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Additional Information
- Stories
- Two
- Heating
- Baseboard, Boiler, Hot Water
- Roof
- Architecural Shingle
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- School District
- Park Rapids
Mortgage Calculator
Listing courtesy of Affinity Real Estate Inc..
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