$100,000
$114,900
13.0%For more information regarding the value of a property, please contact us for a free consultation.
517 W Cavour AVE Fergus Falls, MN 56537
1,992 SqFt
Key Details
Sold Price $100,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,992 sqft
Price per Sqft $50
Subdivision Mclanes Add
MLS Listing ID 6658472
Sold Date 04/17/25
Year Built 1890
Annual Tax Amount $2,538
Tax Year 2024
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50x142
Property Sub-Type Triplex
Property Description
Investor alert! This cash-flowing triplex in the heart of town is a rare find, exceeding the 1% rule with room to grow! Unit 1 is a spacious 2-bed, 1-bath on the main floor, while Units 2 and 3 are 1-bed, 1-bath upstairs. Shared laundry in the basement adds convenience for tenants. Rents are below market, and with all utilities (except electric) included in rent, there's an opportunity to boost income. Prime location near schools and shops ensures strong rental demand. Don't miss this chance to add a high-performing asset to your portfolio!
Location
State MN
County Otter Tail
Rooms
Basement Owner Access, Concrete, Storage Space
Interior
Heating Forced Air
Fireplace No
Exterior
Parking Features Gravel
Fence None
Roof Type Age Over 8 Years
Building
Story One and One Half
Foundation 1148
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One and One Half
Structure Type Wood Siding
New Construction false
Schools
School District Fergus Falls
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