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Nick Leavy

nick@iheartexit.com +1(701) 205-1350

$399,000

Est. payment - /mo

8 Beds

8 Baths

0.5 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Orignal Townsite/Akeley

MLS Listing ID 7083985

Bedrooms 8

Year Built 1997

Annual Tax Amount $5,068

Tax Year 2025

Contingent None

Lot Size 0.500 Acres

Lot Dimensions 165x132x165x132

Property Description

Investment opportunity in the heart of Akeley! This well-maintained 8-unit apartment complex offers an excellent chance to own a fully occupied income-producing property in one of northern Minnesota's most desirable lake regions. Situated on a convenient half-acre city lot, the property features eight 1-bedroom, 1-bath units with updated flooring, spacious layouts, city water and sewer, separate electric service, and ample off-street parking.

Tenants enjoy easy access to downtown Akeley, Walker, Leech Lake, and the area's endless outdoor recreation opportunities including boating, fishing, ATV trails, snowmobiling, hunting, and public land access. The property is located just minutes from local restaurants, shopping, parks, and area employers, making it an attractive housing option year-round.

The building consists of approximately 7,200 finished square feet and has demonstrated strong rental demand with stable occupancy. Utilities are separately metered for electric, while the property benefits from low-maintenance vinyl siding and a straightforward management structure.

Whether you're looking to expand your investment portfolio or acquire a turnkey multifamily asset in a growing recreational market, this property delivers immediate cash flow and long-term upside potential.

Financial information available upon request.

Location

State MN

County Hubbard

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Baseboard

Cooling Window Unit(s)

Flooring Carpet, Concrete Slab, Luxury Vinyl Plank, Vinyl

Inclusions Building, Business, Land, Leases

Fireplace No

Appliance Dishwasher, Electric Water Heater, Range, Refrigerator

Exterior

Parking Features Gravel, Guest Parking, On-Street Parking Only

Utilities Available Electric Separate

Roof Type Age Over 8 Years,Metal,Pitched

Present Use Commercial

Building

Lot Description Cleared

Story One

Foundation 7200

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

Structure Type Block,Concrete

New Construction false

Schools

School District Walker-Hackensack-Akeley

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Listed by Christopher Cullen • Coldwell Banker Realty

Nearby School & Business

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Nick Leavy

+1(701) 205-1350

President | License ID: 40668858

President License ID: 40668858

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30 Graceson AVE S Akeley, MN 56433

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information