Sky Lodge Properties, Inc.
619 Valley St., Hawley
Minnesota 56549 USA

Income Property


Tri-Plex



Mike
Mike Olson


218/234 8151



   

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



   






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If I am your buyer's agent, 1% of my commission goes to the charity of YOUR choice, 1% to help local or handicapped children 1% goes into a scholarship fund for our Highschoolers.




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Northern Minnesota Real Estate | Northern Minnesota Lakefront Homes | Northern Minnesota Lakeshore Homes

Sky Lodge Properties is your source for Lakefront Homes, Lakeshore Homes, Farm Land, Ranches, Ranchettes, Land and Lake Property, Riverfront Property, Hunting Land, Equestrian Estates, Development Land, Building Lots, Lakefront Cabins and more.

Our Minnesota service area includes Northern Minnesota, NW Minnesota, Detroit Lakes MN, and Lake Country MN. Contact us today for more information!

HU Montana Here I Come!
Minnesota here I come!
Sky Lodge Properties, Inc.
CALL 1-406-446-4467
Equal Housing Opportunity
Copyright ©2000 Dorothea Lowe
All Rights Reserved. This document may not be copied in part or full without express written permission from the publisher. By providing links to other sites from minnesotahereicome.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to minnesotahereicome.com The data contained herein were obtained from sources deemed reliable, but is not guaranteed by me. Prospective purchasers are advised to examine the facts to their own satisfaction. This offering is subject to change of price and terms, lease, prior sale or withdrawal from the market, without notice.