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200 NE Hwy 1 Effie, MN $ 264,000
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$ 264,000 Get more info
200 NE Hwy 1
$ 264,000
Back to search
Share Save

200 NE Hwy 1

Effie, MN, 56639
$ 264,000
Baths0.0 Sq 4,492

Monthly Estimate*

$ 1,755

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Studio

Commercial Property for sale in Effie, MN

for $264,000. This 4,492 square foot building was built in 1962 on a lot size of 0.51.

Wilderness Apartments. Excellent investment property. 6-unit apartment complex at full capacity. All units are nicely done and include central air. Common area with patio and raised garden. Parking spaces with electric. Coin laundry in lower level. Qualified buyers only for showings. Must have lender approval or proof of funds letter.

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Commercial Active

Price

$ 264,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,419

Style

Apartment

Lot Size

0.51

Year Built

1962

Town/City

Effie

County/Region

Itasca

MLS | Web ID

6456086
Features
General
Sewer City Sewer/Connected
Heating Baseboard Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Metal
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone Log Siding
Year Built 1962
Tenant Pays Cable TV Insurance
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use Residential
Gross Income 0
Accessibility None
County Itasca
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned Common Garden Patio
Contingency None
Directions Hwy 38 N to Effie. Right on State Hwy 1 to property on Left.
City Effie
Buyer Agent Compensation 2.40
High School District Grand Rapids
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 6
Lot Size Units Acres
Street Name Hwy 1
Land Lease Y/N N
Tax Annual Amount 1419
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 151
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Finished
Basement (Y/N) Y
Fuel Electric Propane
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Exterior
Parking Features Parking Lot
Water Source Drilled
Inclusions Building
Lot Size Area 0.51
Building Area Total 4492
Lot Dimensions .51 acres
Foundation Area 2256
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Internal Only
Street Number 1 200
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* Excluded Features
List By
Coldwell Banker Northwoods

Broker

grandrapidsteam@gmail.com

Email

Affordability Calculator

$1,873
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,755
Monthly Property Taxes
$118
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708396 Elementary School
708989 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/5/2024$264,000 -5.38% Price Down
11/4/2023$279,000 Listed Price

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200 NE Hwy 1, Effie, MN, 56639 is a Commercial Property for sale at $264,000 with 4,492 sqft and a lot size of 0.51. 200 NE Hwy 1 is a studio with 0.0 baths and was built in 1962. The property's zip code is 56639 which is in Effie, MN

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