Tri-Plex

Fergus Falls, MN

Attention Investors! Attention everyone else! In a time of increasing taxes, fuel costs and food costs it is important to live within our means. This is the time when we must cut the fat and eliminate unnecessary expenses. Apartment living is one excellent way of doing this. Investors see the rental market as becoming stronger as it is getting tougher and tougher to qualify for a loan.

Now is the time to purchase a property that makes sense. This 3-Plex brings in $1200/month. It features two-1 bedroom apartments and one-efficiency apartment. Located in the beautiful city of

Fergus Falls, MN (pop. 13,000+), the home sits among the rolling hills and large deciduous trees of the community.

The Triplex sits on a large 50' x 144' corner lot and would have plenty of room for a garage if you would like to build one. The apartments are fully rented with varying leases. The owner pays water, sewer, garbage and heat while the tenants pay their own electric. The total income/expenses are as follows:
Yearly Income: $14,400
Yearly Expenses: $3,136 (water, sewer, garbage, heat and insurance)
Yearly Taxes: $1158 non-homestead

The building has all been recently updated and is a turn-key operation. The improvements include steel siding, new windows and new roofing. This property will do well for many years to come.

$95,500     Details