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$ 329,900
Est. payment | /mo
8 Beds
4 Baths
4,464 SqFt
$ 329,900
Est. payment | /mo
8 Beds
4 Baths
4,464 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $73
Subdivision Tower
MLS Listing ID 7046763
Bedrooms 8
Year Built 1982
Annual Tax Amount $758
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Lot Dimensions 140x50
Property Sub-Type Fourplex
Property Description
Turn-key 4-plex in the heart of Tower, MN just one block from Lake Vermilion. Great opportunity for owner-occupants or investors. Property features four 2-bedroom, 1-bath units, all separately metered for electricity with tenants paying electric.
Currently rented at $1,000/month per unit on month-to-month leases, providing immediate income with flexibility for future rent adjustments. Strong cash-flow potential.
Located in a desirable recreation area with close access to boating, fishing, snowmobile and ATV trails right out your door. Historic building with updates throughout. There is a commercial lot that can be purchased next to this property together or separate.
Currently rented at $1,000/month per unit on month-to-month leases, providing immediate income with flexibility for future rent adjustments. Strong cash-flow potential.
Located in a desirable recreation area with close access to boating, fishing, snowmobile and ATV trails right out your door. Historic building with updates throughout. There is a commercial lot that can be purchased next to this property together or separate.
Location
State MN
County St. Louis
Zoning Residential-Single Family
Rooms
Basement None
Interior
Heating Boiler
Fireplace No
Laundry Other
Exterior
Parking Features Gravel, Off Site, On-Street Parking Only
Building
Story Two
Foundation 2979
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
Structure Type Block,Concrete,Frame
New Construction false
Schools
School District St. Louis County
Listed by Chessica Olson • Anchor Realty
Nearby Locations
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