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Key Details
Sold Price $365,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Bowman & Duntons Add
MLS Listing ID 6554075
Year Built 1975
Annual Tax Amount $2,814
Tax Year 2023
Lot Size 0.460 Acres
Property Description
A promising investment opportunity presents itself in the form of a six-unit apartment complex located in Battle Lake. The complex boasts a prime location, situated within close proximity to all downtown Battle Lake has to offer, ensuring high demand from potential tenants. The property's strong rental history and steady cash flow offer immediate returns on investment, while potential for rent increases and property appreciation promise long-term growth prospects. The exterior is low maintenance and there is a newly built carport for tenants.
Location
State MN
County Otter Tail
Zoning Business/Commercial
Interior
Heating Baseboard
Exterior
Garage Carport, Covered, Gravel
Garage Spaces 8.0
Utilities Available Electric Common, Electric Separate, Heating Separate, Hot Water Common
Roof Type Asphalt
Building
Foundation 2773
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Vinyl Siding
Schools
School District Battle Lake
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