108 Cleveland AVE W new Save Request In-Person Tour Request Virtual Tour
Underwood,MN 56586
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,456 sqft
Price per Sqft $79
Subdivision Underwood
MLS Listing ID 6713002
Style (MF) Four Plex
Bedrooms 8
Year Built 1976
Annual Tax Amount $3,034
Lot Size 0.510 Acres
Property Description
This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments.
Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment.
Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Location
State MN
County Otter Tail
Community Underwood
Interior
Heating Baseboard
Laundry Laundry Room
Exterior
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Asphalt Shingles
Building
Water City Water/Connected