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Property Description

Turn-key 4-plex in the heart of Tower, MN just one block from Lake Vermilion. Great opportunity for owner-occupants or investors. Property features four 2-bedroom, 1-bath units, all separately metered for electricity with tenants paying electric. Currently rented at $1,000/month per unit on month-to-month leases, providing immediate income with flexibility for future rent adjustments. Strong cash-flow potential. Located in a desirable recreation area with close access to boating, fishing, snowmobile and ATV trails right out your door. Historic building with updates throughout.

Overview

Property Status
For Sale
Lot Size
6,969.6 Sq.Ft.
MLS ID
149705
Property Type
Residential
Year Built
1982

Features & Amenities

Neighborhood
Lake Vermillion
Water Frontage
0 - None
Stories
2
Water Source
City Water
Roof
Shingle, Rubber
Parking
None
Heat Type
Hot water
Air Conditioning
Window Unit
Fireplace
None
Appliances
Electric Range, Refrigerator
Sewer
City Sewer
Middle School
Rock Ridge - 2909
School District
Rock Ridge - 2909
Sales Price
$329,900

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605 Main Street

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