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About the Listing 27557 - 501000038,501000547
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.
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 6 Full
- Appliances: Range, Refrigerator
- Air Cond: Central Air
- Heating: Baseboard,Forced Air,Electric,Propane
- Fireplaces:
- Floor:
- Basement: Finished
- Other:
- Water: Drilled
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: .51 acres
- Zoning: Residential-Multi-Family
- Roof: Architectural Shingle,Flat,Metal
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $1,399
- Taxes w/Assessments: N/A
- Tax/Property ID: 904100050
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
200 NE Hwy 1 Effie, MN 56639
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