$138,000 Price Analysis   ♡   Fergus Falls, MN 56537 3 bed 2 bath 2,361 SqFt ($58/SqFt) 0.29 acre lot. Built 1913 Listed 2024-06-24, Taxes $936 | ✓ USDA Eligible near Fergus Falls, MN Restrictions may apply due to home size |
Property Details
Looking for an opportunity to enter the relm of real estate investment or to expand your rental portfolio? This 2-unit residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. Main floor 1BR/1BA apartment and 2BR/2BA upper floor apartment.
Potential to add studio type apartment in lower level. With diligence, patience and a strategic approach, investing in this low-cost property can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is co ndition. Seller has paid in-full the special assessment for the current street reconstruction.
Presented by Brian Tjaden at
Trilogy Real Estate.
Property MLS #6558612 from Fargo
Full Bathrooms: 2
Washer Dryer Hookup: Yes
Heating: Yes
Lot Size Dimensions: 90x142
Lot Size Square Feet: 12632
Parking Features: Parking Lot, Driveway - Gravel
Calculated Total Monthly Association Fees: 0
Gross Scheduled Income: 14160
Tenant Pays: Electricity, Heat
Source Listing Status: Active
County: Otter Tail
Directions: From West Lincoln Ave turn south onto Broadway. Stanton Ave is under construction, so Park on Broadway. Then take sidewalk on Stanton east to second house on North side.
Source Property Type: Multi-Family
Source Neighborhood: Mclanes Add
Owner Pays: Sewer, Water, Trash Collection
Parcel Number: 71003990949000
Subdivision: Mclanes Add
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $unknown + $unknown $93,600 | $936 |
| 2022 | $unknown + $unknown $90,400 | $904 |
| 2021 | $48,800 + $11,900 $60,700 | $888 |
| 2020 | $46,600 + $11,900 $58,500 | $894 |
| 2019 | $45,900 + $11,900 $57,800 | $1,056 |
| 2018 | $40,800 + $10,400 $51,200 | $916 |
| 2017 | $42,600 + $10,400 $53,000 | $938 |
| 2016 | $41,000 + $10,400 $51,400 | $900 |
| 2015 | $42,700 + $10,400 $53,100 | $910 |
| 2014 | $43,600 + $10,400 $54,000 | $860 |
| 2013 | $44,400 + $10,400 $54,800 | $918 |
| 2012 | $46,800 + $10,400 $57,200 | $918 |
$138,000
Fargo
Year Built: 1913
Building Area Total: 2361
Construction Materials: Wood
Living Area Source: County Records
Property Age: 111
Architectural Style: (MF) Duplex Up and Down
Water Source: City Water/Connected
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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.