Kris MacGregor
BEDS0
BATHS
SQUARE FEET4,464
MLS#7046763
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTower
SCHOOLSt. Louis
Property Description
Exceptional turn-key 4-plex opportunity in the heart of Tower, MN ? just one block from beautiful Lake Vermilion. Whether you're an investor looking for strong cash flow or a first-time home buyer wanting tenants to help pay the mortgage, this property offers endless potential.The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.Located in one of northern Minnesota's premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Heating: Boiler
Lot Size: 0.16 Acres
Taxes: $758
Year Built: 1982
Feature Descriptions
Days on Site: 109
Exterior: Block, Concrete, Frame
Foundation Size: 2979
Lot Dimensions: 140x50
Owners Expense: Exterior Maintenance, Grounds Care, Insurance, Repairs, Sewer, Taxes, Water
Parcel#: 080001003420
Parking: Gravel, Off Site, On-Street Parking Only
Sewer: City Sewer - In Street
Tenant Expenses: Cable TV, Electricity, Telephone, Trash Collection
Units: 4
Water: City Water - In Street
Local Schools
School District: St. Louis
Listed By / Shown By
Listed By
Agency Name: Anchor Realty
Agency Phone: 612-501-2878
Shown By
Agent Name: Kris MacGregor
Agent Phone: (218) 281-7453
Agency Title: LeBlanc Realty
Estimate Your Payment
Estimated Payment
$ 893.60 per month $734.21 Principal & Interest $63.17 Property Tax $96.22 Homeowner's InsuranceChange Payment Information
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605 Main Street | MLS# 7046763
This multi-family property located at 605 Main Street, Tower, MN 55790 is currently listed for sale with an asking price of $329,900. Main Street is located within the St. Louis school district. Search Tower real estate on kmacgregor.leblancrealty.com today.