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Property Description

Fantastic investment Remember you can go FHA live in one and rent the rest great income opportunity in the heart of Tower, just few blocks from Lake Vermilion. Fully leased 4-plex with four 2-bed, 1-bath units. Each unit has been updated with newer windows, paint, flooring, and upgraded PEX plumbing. Newer boiler system provides efficient heat. Property is well maintained and cash flowing. Includes an additional vacant lot offering excellent potential for future expansion, garages, or another multi-Use build. Great location close to downtown, marina, and local amenities. Live in one unit and rent the rest or keep as a solid income-producing property. Inspection has already been done on the property and will be shared with future buyer.

Overview

Property Status
For Sale
Lot Size
7,500 Sq.Ft.
MLS ID
149188
Property Type
Other
Year Built
1982

Features & Amenities

Total Area
4,467 Sq.Ft.
Neighborhood
Lake Vermillion
Water Frontage
0 - None
Water Source
City Water
Roof
See Remarks
Parking
Off Site Parking
Heat Type
Electric
Air Conditioning
Window Unit
Sewer
City Sewer
Other Exterior Features
Deck
Middle School
Tower/Soudan
School District
Tower/Soudan
Sales Price
$349,000
Zoning
Comm

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605 Main St

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