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$74,999   Price Analysis
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601 N 1st Ave
Fergus Falls, MN 56537
2 bed 1 bath 1,057 SqFt ($70/SqFt)
0.29 acre lot. Built 1920
Listed 2024-04-19, Taxes $630
USDA Eligible
near Fergus Falls, MN
 

Property Details

Looking for an opportunity to enter the realm of real e state investment or to expand your rental portfolio? This small residential unit offers potential for significant ROI for someone handy in the skills of maintenance nd repair.

A 2 bedroom, 1 bath, 1, 000+SF home with tenant lease through November gives you immediate cash flow. With diligence, patience and a strategic approach, investing in this low-cost property, priced below market value, can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition.


Presented by Brian Tjaden at
Trilogy Real Estate.
Listing Agent Photo

Property MLS #6521736 from Fargo

Bedrooms: 2

Total Rooms: 5
Basement Features: Crawl Space
Living Room Level: Main

Total Bathrooms: 1
Full Bathrooms: 1

Dryer
Refrigerator
Range
Laundry Features: Kitchen
Dryer: Yes
Refrigerator: Yes

Cooling Features: Window
Heating Features: Forced Air
Heating: Yes

Kitchen Level: Main

Water Features: City Water/Connected

Lot Size Acres: 0.29
Lot Size Dimensions: 77x157
Lot Size Square Feet: 12632

Road Frontage Type: City Street

Parking Features: Driveway - Gravel

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 1090
Source Listing Status: Active
County: Otter Tail
Directions: From Lincoln Avenue proceed north on First Avenue 5 blocks, house is on the left.
Source Property Type: Residential
Source Neighborhood: Mclanes Add
Parcel Number: 71003500118000
Subdivision: Mclanes Add
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$63,000
$630
2021$22,000 + $17,700
$39,700
$604
2020$20,500 + $17,700
$38,200
$608
2019$20,200 + $17,700
$37,900
$600
2018$17,800 + $15,400
$33,200
$510
2017$19,800 + $15,400
$35,200
$534
2016$18,900 + $15,400
$34,300
$512
2015$11,300 + $15,400
$26,700
$593
2014$11,600 + $15,400
$27,000
$570
2013$12,000 + $16,000
$28,000
$406
2012$12,500 + $16,000
$28,500
$398

Listed 2024-04-19
$74,999
Fargo
Sold 2013-03-04
$20,000
LakeRegionMN
Listed 2012-04-16
$28,500
LakeRegionMN

Total Square Feet Living: 1057
Year Built: 1920
Building Area Total: 1057
Building Exterior Type: Frame
Construction Materials: Wood
Foundation Details: Crawl Space
Living Area Source: County Records
Property Age: 104
Architectural Style: (SF) Single Family

Sewer: City Sewer/Connected
Water Source: City Water/Connected

Kennedy High School is a public high school located approximately 1.2 miles away.
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McKinley Elementary School is a public elementary school located approximately 0.1 miles away.
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Trinity Lutheran School is a private elementary school located approximately 0.4 miles away.
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Lakes Country Academy is a public elementary, middle and high school located approximately 0.9 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.