Income producing 7 unit complex consisting of two separate buildings

MLS# 133836 — Don't judge a book by its cover.


$109,000
713/719 5TH AVE
International Falls, MN 56649

4848 sq. feet

Property Location

Description

Income producing 7 unit complex consisting of two separate buildings. Don't judge a book by its cover! These historic buildings were once the Craig Hospital and Clinic. Lots of original woodwork and hardwood floors. Recent improvements for unit 719 include new rubber roof costing over $14k, blown in insulation in attic and walls, hot water heater and 2 windows. Unit 713 also had insulation blown in. The "other" expense is for potential rent loss due to vacancy, but this will vary. See the attachment for detailed info on this great income producing opportunity which has a cap rate of 15%! This listing along with 133838 are available as a package deal. Call for more info.

LISTING COURTESY Reed Realty International Falls

Structure Details

Year Built 1920
Upper Level Sq. Ft. 2424
Total Finished Sq. Ft. 4848

Lot Details

Lot Length? 87.5
Lot Width 85
Irregular Lot Size? No

Legal & Utilities Details

Parcel Code 92-007-65211 Lookup
School District OTHER
MLS # 133836

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