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$169,500

0 Beds 0 Baths 0 SQFT 0.11 Acres
Type: Commercial

405/407 4th Street
International Falls, MN 56649

MLS#: 7065137
Beth Emond
Beth Emond
The Real Estate Advantage
Phone: 612.328.0026
Office: 952.898.5800
Presented by: Move it Real Estate Group/Lakehomes

Property Description

 

Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully Rented Don’t miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income. The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one. Add this high-performing property to your portfolio today!


 

Interior Features

Other Interior Features

BasementOther
Basement (Y/N)No
FuelNatural Gas

General

AccessibilityDoors 36 +
Additional Parcels Y/NNo
AppliancesRange, Refrigerator
CityInternational Falls
ContingencyNone
CountyKoochiching
Current UseOffice, Residential
DirectionsFrom downtown Int'l Falls, head South on 3rd Ave and turn right on 4th Street. Building will be one block down on south side of street.
Garage Spaces0
HeatingBoiler
High School DistrictInternational Falls
Land Lease Y/NNo
Lender OwnedYes
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total3
OwnerPaysAll Utilities
PostalCityInternational Falls
Property TypeCommercial Sale
SewerCity Sewer/Connected, City Sewer - In Street
Standard StatusActive
Subdivision NameInternational Falls
Tax Annual Amount$3,460
Tax Year2026
Tenant PaysNone
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1940
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area3,040 sqft
InclusionsBuilding, Leases
Lot Dimensions40x142
Lot Size Area0 sqft
Parking FeaturesOff Site, Parking Lot, Open
Water SourceCity Water/Connected, City Water - In Street
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$169,500

0 Beds 0 Baths 0 SQFT 0.11 Acres
Type: Commercial

405/407 4th Street
International Falls, MN 56649

MLS#: 7065137
Beth Emond
Beth Emond
The Real Estate Advantage
Phone: 612.328.0026
Office: 952.898.5800